Nabatat Contracting Company (NCC), the leading landscaping and agriculture contractor in Saudi Arabia, is set to invest a hefty SAR350 million ($93 million) into the Kingdom’s manufacturing sector. The move aligns with Saudi Arabia’s Vision 2030 initiative, aiming to boost local production and reduce dependency on imports. Alongside this investment, NCC is eyeing expansion into other Gulf Cooperation Council (GCC) countries. The company’s chairman, Waleed Hamed Al Khaldi, shared insights into these ambitious plans in a recent interview. Let’s delve into how NCC is reshaping its future.
Investing Big in Local Manufacturing
NCC is not just talking the talk; they’re putting substantial capital behind their manufacturing ambitions.
- Greenhouse Technology: Partnering with Chinese Agro to produce greenhouse tech for the King Salman Park.
- Plastic Pots Production: Collaborating with Korean firms to manufacture materials for plastic pots locally.
- Compost Recycling: Working with Chinese companies to turn food waste into compost for their nurseries.
These initiatives are more than business moves; they’re a response to the Saudi government’s push for local manufacturing as part of Vision 2030.
Financial Backing and Collaborations
Securing funds and partnerships is crucial for NCC’s expansive goals.
They have strong ties with major financial institutions like Riyadh Bank and Al Rajhi Bank.
The company is also in talks with SABIC’s Nusanet and the Saudi Industrial Development Fund (SIDF) for potential investments.
Moreover, NCC is open to collaborating with foreign investors and technology providers willing to set up shop in Saudi Arabia.
Regional Expansion Plans
NCC isn’t limiting itself to Saudi borders.
The company has already invested SAR50 million ($13 million) to establish a presence in Bahrain.
Next on their radar are Dubai, Qatar, Oman, and Kuwait.
Over the next five years, NCC aims to tap into market opportunities across the GCC, widening their reach and influence.
Scaling Up Operations
From humble beginnings, NCC has seen remarkable growth.
They expanded from a 300,000-square-meter nursery in Jubail to over 14 nurseries covering more than 1 million square meters.
Their project portfolio now stands at SAR4.2 billion ($1.1 billion), including a SAR1.2 billion ($320 million) contract for the Green Riyadh project.
This ambitious initiative involves planting around 2.5 million trees, contributing significantly to Saudi Arabia’s Vision 2030 goals.
