A new joint venture between Maydan Industry for Industrial Development & Investments Co. (Maydan Industry), Ahmad Kassim Al-Amoudi Group Co. Ltd. (AKA), and the South Korean technology company SFC has been signed to establish a manufacturing plant in PlasChem Park. The new facility will produce a range of surfactants, which are specialty chemicals used in the production of detergents and other applications.
A new company named the Surfactant Detergent Company LTD. (SDC) will be established as part of the JV agreement. The company will be based in PlasChem Park, a chemical and conversion industrial park adjacent to Sadara Chemical Company in Jubail Industrial City 2, developed jointly by Sadara Chemical Company and the Royal Commission for Jubail and Yanbu.
The JV agreement follows a long-term supply agreement for Ethylene Oxide (EO) and Propylene Oxide (PO) signed previously between Sadara and the SDC partners, which will be supplied though dedicated pipelines constructed by Sadara.
SDC will be the first company in the region to use the very latest Korean technology developed by SFC. The locally sourced raw materials from Sadara and advanced technology will enable the company to create value for the local market in terms of economic diversification and job creation for Saudis by manufacturing new products at competitive prices for local and regional customers.
Abdulrahman Al-Swailem, chairman of Maydan Industry, said: “This new venture is inspired by the Kingdom’s Vision 2030 which seeks to diversify the economy. The planned manufacturing facility is expected to be 40,000 metric tons with an approximate capital expenditure of SR189 million ($50.3 million).”
Abdullah Ahmad Al-Amoudi, chairman of AKA, noted: “The new project will meet the local and regional market needs for surfactants in a wide range of applications. We thank our colleagues at Sadara and the Royal Commission of Jubail and Yanbu on this occasion for their tremendous support in finalizing these agreements and their efforts to develop PlasChem Park.”
Hong Junko, CEO of SFC, said: “This joint venture is a great opportunity for us and our Saudi partners, as we are creating an advanced, cost-efficient factory that utilizes our technical knowledge to create added value for the Kingdom. The project has already been initiated by senior engineers preparing for the final engineering designs, which will be followed by construction of the plant itself.”
New Saudi-Korean joint venture to establish facility in PlasChem Park
New Saudi-Korean joint venture to establish facility in PlasChem Park
Alfanar Projects wins MEED Award for ‘Industrial Project of the Year’
Alfanar Projects has been recognized as a “national winner” at the MEED Projects Awards 2025, for its role as the main contractor in the landmark Tuwaiq Casting and Forging Plant, which was awarded “Industrial Project of the Year.”
Developed through a strategic partnership between the Saudi Arabian Industrial Investments Company, or Dussur, Saudi Aramco, and Doosan Heavy Industries and Construction, the Tuwaiq Casting and Forging Plant represents a cornerstone in the Kingdom’s drive to establish a world-class industrial base, localize advanced manufacturing capabilities, and strengthen national supply chains.
Situated in Ras Al-Khair Industrial City, the plant spans over 400,000 square meters, encompassing 39 major buildings and an extensive network of infrastructure and external works. Alfanar Projects delivered the project on a lump-sum turnkey basis, executing more than 122,000 cubic meters of concrete, erecting 25,000 tons of structural steel, installing hundreds of kilometers of underground piping and cabling, and implementing advanced electrical and mechanical systems to global engineering standards.
With a production capacity of 60,000 tons per year, utilizing state-of-the-art sand casting and open-die forging technologies, the plant will play a pivotal role in serving critical sectors such as the oil and gas industry, maritime industries, and heavy equipment manufacturing, while advancing Saudi Arabia’s goals of industrial localization and self-sufficiency.
Jamal Wadi, president of Alfanar Projects, said: “The Tuwaiq Casting and Forging Plant embodies the pinnacle of what engineering can achieve when coupled with determination. The project brought together complex architectural and structural challenges with advanced engineering solutions, which we executed with precision and efficiency. This landmark facility stands as a testament to our deep expertise as an industrial contractor and to our ability to harness engineering excellence in building strategic projects that underpin the Kingdom’s economic future.”
The MEED Projects Awards, organized in partnership with Mashreq Bank, are among the most prestigious accolades in the region, celebrating excellence in project delivery across sectors. Alfanar Projects’ recognition underscores its role as a leading national contractor, committed to delivering world-class industrial infrastructure projects that support the Kingdom’s long-term vision for sustainable growth and industrial leadership.
The leading engineering and construction company is dedicated to advancing the Kingdom’s infrastructure and industrial landscape in alignment with Vision 2030. Through its commitment to sustainable development, Alfanar Projects supports the growth of key sectors, including building construction, urban infrastructure, renewable energy, and grid modernization across Saudi Arabia and internationally. With an emphasis on localization, innovation, and sustainability, Alfanar Projects continues to deliver world-class solutions that contribute to the Kingdom’s ambitious economic and social transformation.
