Saudi construction firm Ma'Soor targets 80% locally made products by 2030
Saudi building materials trader Ma'Soor aims to boost domestic product sales to 80% of its total revenue by the year 2030, following a capital increase by Saudi Public Investment Fund. The strategy seeks to strengthen local supply chains amid global shipping disruptions and oil price volatility.
Shipping disruptions and rising freight costs are prompting Saudi construction material firms to review their supply chains. In response, Ma'Soor is expanding its domestic operations to reduce reliance on international trade. The company currently produces roughly two-thirds of its sales locally. Its goal is to increase the proportion of finished goods made in Saudi Arabia to 80% by 2030. This plan includes strengthening production capacity and supporting local suppliers. Last year, Saudi Public Investment Fund became a shareholder in Ma'Soor. Through a capital increase and a new share issuance, the fund acquired a 30% stake in the company. Management stated this investment supports expansion and operational development. Financial sector leaders view domestic manufacturing growth as a key strategy for resilience against global market fluctuations.
