The project is a factory for the production and manufacture of electrical products. The project produces and manufactures a group of products represented in; (metal boxes for electrical switches and sockets – metal container for electrical cables – metal box for electrical cables) used in all buildings. The electrical products factory targets; (contracting and construction companies – shops – electrical appliances stores), to benefit from the increased demand for these products in the target markets. Through the feasibility study of the electrical products manufacturing factory project, the project is considered one of the major investment opportunities with appropriate costs that achieve high economic returns.
Mashroo3k Company for Feasibility Studies and Business Plans provides a feasibility study for an electrical products manufacturing factory project from the financial, technical and marketing aspects, relying on an integrated team of experts, specialists and professional and qualified consultants, who study the main idea of the project, its size, components and nature, and analyze and study the market size, competitors, marketing gap and target markets. After analyzing the market size, it becomes clear that the markets are in dire need of the products provided by the factory, which are: (metal boxes for electrical switches and sockets – metal container for electrical cables – metal box for electrical cables). <The factory works to provide products with the highest possible quality and at competitive prices, using technical and administrative cadres to produce and manufacture products of a special nature for all targeted sectors, namely; (contracting and construction companies – shops – electrical appliances stores). The electrical products factory aims to employ workers, improve their economic and social level, achieve a high quality level for the factory’s products, and maintain a competitive price level that enables the project to obtain its target share and contribute to covering part of the increasing demand for electrical products. The products are characterized by resistance to corrosion and oxidation, light weight, strength and durability. The project seeks to take maximum advantage of the high rates of demand for the factory’s products, and seeks to acquire the highest possible percentage of the marketing gap.
The Kingdom of Saudi Arabia has paved the way for development with its ambitious Vision 2030, which aims at economic diversification, the renaissance of non-oil sectors and increasing the contribution of the private sector to GDP, and this can only be achieved through the renaissance of industry and mining as two main tributaries in major economies, and the Kingdom is determined to increase their participation in its GDP by about 15%. When talking about industry in the Kingdom, it should be noted that it was not born out of the moment, but rather it has been extended and rooted since the discovery of oil in the Kingdom in the late thirties of the last century. Over the decades, the Kingdom spared no effort to develop its industry; it established the Industrial Development Fund (1974), the Royal Commission for Jubail and Yanbu (1975), and SABIC in 1976. The roles and tasks undertaken by these institutions and the programs they worked on to grow the industrial sector and develop its performance and working mechanisms are no secret to anyone. As a result of the efforts exerted years ago in this direction, the number of factories in the Kingdom today has increased to more than 10,000 factories. We, mashroo3k, believe in the importance of the industrial sector and its role in driving the economy, so we will present its most important indicators below so that anyone wishing to invest in it can be aware of them:
