JEDDAH – The inspirational story of success achieved by Abdulaziz Alsaghyir Commercial Investment Company (AACIC) – one of the leading Saudi companies in the field of building materials & contracting – can definitely be attributed to its powerful financial position and its huge investment in human resources by attracting outstanding cadres of proficient engineers, technicians and highly skilled workers. This, in turn, contributed to the growth of the company and expansion of its entire activities till it eventually became one of the fastest-growing companies in Saudi Arabia.



Based in Riyadh, Abdulaziz Alsaghyir Commercial Investment Company was founded in 2001. The company (building materials division) is inspired by the administrative philosophy of being committed to providing its customers with a variety of solutions, stable supplies and competitive prices. Such philosophy consequently contributed to supporting the management of importing, sales and distribution.



The building materials division at Abdulaziz Alsaghyir Commercial Investment Company is considered one of the Kingdom’s major suppliers of timber, steel and aluminum. 



Today, the company imports the best quality timber & steel from the most renowned global markets including Sweden, Austria, Romania, Indonesia, Canada and others. It also offers a complete assortment of timber and steel products to be used for manufacturing or trading purposes, in addition to 3M products of adhesives and abrasives. Moreover, the company included the contracting division within its activities as it currently comprises an elite group of engineers highly proficient in designs and executive works along with extremely skilled workers.



Eng. Nizar Alsaghyir, Chief Operations Officer at Abdulaziz Alsaghyir Holding Company, said:



“We’re really proud of our achievements, totally satisfied with our strategy and definitely optimistic about our future. Throughout the last years we have grown steadily and this was reflected on our financial results.”



He stressed that the company’s success can also be credited to its commitment to the highest quality standards and prompt response to change in market.



“As a leading company, we seek to take advantage of the unprecedented boom in the construction sector across the region and of the increase in demand for building materials.”Nizar Alsaghyir added.



“Within the framework of its quest for expansion, the company plans to open new branches all over the Kingdom in an attempt to acquire a considerable share of the growing market and also to meet the increasing demand for basic building materials needed for the major projects currently implemented in Saudi Arabia. The company’s initiative comes in line with its increased trading activity throughout the last few years where the expansion of its transactions and opening more than 23 branches across the Kingdom to serve the wholesale and retail traders,” Alsaghyir elaborated.



He anticipated that the market for building materials in the Kingdom will continue to thrive and that it will record high growth owing to massive government expenditure on infrastructure and other mega projects under the development plans, notwithstanding the fact that the Saudi real estate sector will remain in positive territory throughout 2014. These are the factors that will bolster the construction and basic materials companies, that would eventually underpin the other sectors of the economy, both in the wholesale and retail levels.



Alsaghyir estimated the demand for construction timber in the Kingdom at more than one million m3 annually and for reinforced rebar at 6 million tons over the same period.



Commenting on price fluctuation in basic building materials in the Saudi market and its impact on the profits of companies in the sector, he said such fluctuations are mainly because the local market is affected by the global prices. “The current fluctuations in the market and prices of building materials in KSA are impacted by the fluctuation in global prices.”



Alsaghyir noted that the most affected materials are those that are imported, and therefore impossible to  regulate as they are influence by global market changes. — SG