Rowad Al Waha plans to establish SAR 1.5B insulation materials plant: Chairman

Rowad Al Waha plans to implement an industrial project to produce polyurethane in the Kingdom, with an estimated cost exceeding $400 million (around SAR 1.5 billion), as part of the Standard Incentives Program, said Chairman Khaled Juffali.
 

In an interview with Argaam, he said the project aims to produce polyurethane, which is widely used as an insulation material within the Kingdom, emphasizing the company’s commitment to serving the local market first before expanding into export markets.
 

He explained that these materials are used in multiple industries, most notably footwear manufacturing—especially in markets such as India, where they are heavily used in shoe production.
 

The Chairman noted that the Kingdom will become a hub for exports to neighboring markets.
 

The project’s awarding phase will begin next year, with actual production expected to start within 18 to 24 months, Juffali said, stressing that government support is essential to accelerating implementation and enhancing the project’s economic viability.
 

According to Argaam data, the Ministry of Industry and Mineral Resources signed on Nov. 30 the first batch of projects benefiting from the Standard Incentives Program, under the first group, totaling nine projects with investments of nearly SAR 2 billion. The ministry also delivered letters of intent for 25 qualified projects in the second group, with total investments approaching SAR 5 billion.