Alfanar Group Market Research Report

Company Overview

Company Name

Alfanar Group

Mission

No information is available.

Founding Details

Founded: 1976

Founded By: No founding individuals mentioned.

Key People

Eng. Sabah Al Mutlaq, Vice Chairman of Alfanar Company and Managing Director of Alfanar Projects

Eng. Amer Al Ajmi, Executive Vice President of Sales and Marketing at Alfanar Projects

Mohammed Al Mutlaq, Deputy Managing Director

Headquarters

Riyadh, Saudi Arabia

Number of Employees

No information is available.

Revenue

Revenue specifics are not explicitly stated, but the company engages in contracts worth multiple billions of SAR.

Company Specialization

Alfanar Group is known for its contribution to engineering construction, project development, and digital solutions across various sectors including energy, healthcare, and infrastructure.

Products and Services

Product and Service Offerings

Engineering Construction:

Execution of over 300 engineering construction projects in sectors such as grid, water, renewable energy, infrastructure, process, and healthcare.

Project Development:

Leading global developer with expertise in mega projects.

Engineering Services:

Comprehensive engineering services to ensure smooth functioning of fixed assets.

Digital Solutions:

Offering digital transformation to enhance workflow efficiency and analytics.

Technical Training:

Certified technical training programs for skill development in engineering and technical fields.

Recent Developments

New Developments

Strategic Contracts:

Signed SAR 20 billion worth of contracts with the Saudi Electricity Company to transform the energy sector in Saudi Arabia, aligned with Saudi Vision 2030. Projects include the largest HVDC converter station in MENA and integration of renewable energy into the national grid.

EPC Contract:

Awarded a landmark EPC contract for SEVEN’s Jazan Entertainment Complex estimated at SAR 1.3 billion, featuring diverse entertainment facilities in Jazan, Saudi Arabia.

New Products/Features

No information is available on newly launched products or features.

Partnerships and Collaborations

Saudi-UK Collaboration:

Participated in the Saudi-UK Business Roundtable meeting to explore potential investment partnerships and showcased a green fuel initiative in the UK, poised to be Europe’s largest Sustainable Aviation Fuel (SAF) project.

Russian Business Cooperation:

Hosted a Russian delegation to discuss synergies in the energy, oil, and gas sectors with a focus on potential partnerships.

UK Delegation Visit:

Engaged with a UK business delegation emphasizing cooperation in sectors like Power, Infrastructure, and Healthcare.

Conclusion

This report has provided an overview of Alfanar Group, with insights into their foundational story and recent developments that position the company as a leader in various sectors. Important projects and strategic initiatives indicate ongoing growth and involvement in global partnerships directed toward enhancing industrial and investment landscapes. While certain details remain unavailable, the report captures the essence of Alfanar’s business trajectory and market positioning.