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00:00 How much is the total value of the contracts?
00:04 The contracts are big, but the demand in Saudi Arabia is 4-5 times higher than in the Gulf.
00:17 The demand in the Gulf and the Emirates is increasing, but the demand is increasing.
00:36 The company is looking to increase its production and increase its investment. How much is the expansion?
00:46 We started the expansion in early 2023. The production increased double in Saudi Arabia.
00:53 In Egypt, the year that passed, we increased by 40%, and in 2024 we will add another 40%.
01:02 The expansion is in Egypt and in Saudi Arabia. The demand in Egypt is also very high.
01:11 In Saudi Arabia, we were producing 100,000 to 120,000 tons, and we will increase to 200,000 tons in 2024.
01:20 We will have 2000 tons of metal. We have invested more than $150 million in the expansion.
01:30 We are in the last phase of the expansion.
01:36 The expansion includes new countries. What countries will you look for?
01:40 The expansion was for the products, but we are also expanding to export.
01:47 We are also exporting to Europe. We are expanding to products and markets.
01:54 We will soon be the first Saudi factory in the United States.
01:59 We are selling our cables there. The expansion will be in the South of the country.
02:04 We are producing in all directions.
02:07 What are the conditions for the company's operations in Egypt?
02:15 The existing problems affect everyone.
02:19 But we need to export more than 50% of the production.
02:36 The export is increasing. In 2024, the production capacity in Egypt increased by 30%.
02:50 We are not stopping. We are moving forward.
02:54 The two companies in Egypt and Saudi Arabia have a strong bond.
03:04 This makes our forces aim for this difference with the competitors we have."