Bandar Al-Sulaim, Chairman of the National Committee for the Steel Industry, stated that demand for steel products in Saudi Arabia and the Arab world has witnessed positive growth in recent years.
In an interview with Argaam, Al-Sulaim expressed optimism that this momentum will continue in the coming years, supported by the mega projects associated with Saudi Vision 2030.
He explained that steel demand in the Arab world increased by 8.2% between 2022 and 2024.
Al-Sulaim added that projects such as Diriyah, NEOM, and the Red Sea, along with Saudi Arabia’s hosting of major global events — including the AFC Asian Cup 2027, the FIFA World Cup 2034, and Expo 2030 — will all contribute to boosting demand for steel products in the domestic market in the coming years.
Regarding exports, he noted that Gulf and Arab markets are attractive destinations, as there are already strong trade and export relationships between several Saudi steel producers and regional countries. He added that demand in these markets remains healthy and stable.