The main idea of the project is to establish a factory for the production and manufacturing of rebar tying wires, producing wires used in the construction sector and iron and paint trade stores. The factory targets multiple sectors such as construction companies, building firms, and iron and paint trade stores, due to the increasing demand for industries serving these sectors. The feasibility study for the rebar tying wire manufacturing factory indicates that the project is a commercial and investment opportunity with high economic returns compared to other projects.
Preparing a feasibility study for a binding wire manufacturing plant project requires a company that is fully aware of the markets, the project field and its idea. Here, Mashroo3k Company stands out for preparing feasibility studies and business plans, as it provides this service with the highest possible level of quality, because it studies the project idea, its components and nature, and works to analyze competitors, market size and the marketing gap between supply and demand. From its study and analysis, it becomes clear that the market is in dire need of the products provided by the factory, which are binding wires. <The 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 the factory’s products of binding wires, using the latest methods in the field of manufacturing products of binding wires. The factory relies on a team of administrators and technicians to provide products with a distinctive and special character for all targeted sectors represented in; (contracting companies – construction and building companies – iron and paint shops).
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:
