DSD Steel Construction AG and Ferrometalco Steel Construction (FMC) Concluded the Acquisition of 51% Stake in Al-Kaabi Steel, Dammam, KSA

Cairo, Match 15th 2023 – DSD Steel Construction AG & Ferrometalco Steel Construction (FMC) are pleased to announce that they have concluded the acquisition of 51% in Al-Kaabi Steel for manufacturing & coating of steel works in Dammam, KSA.Ferrometalco (FMC), which has been in business for 45 years with a long-standing reputation, will transfer the highest level of quality, reliability, and exceptional customer service to Al-Kaabi Steel.

This acquisition aligns with Ferrometalco’s (FMC) growth strategic plan to expand its wide reach geographically in Saudi Arabia, which is one of the most attractive business hubs, and to leverage its expertise and reputation in the GCC region and beyond.

We’re excited to welcome Al-Kaabi Steel into the Ferrometalco DSD family. It is an important step forward to better serve our customers with a wider range of products and services. We are confident that this acquisition will be a win-win for both companies and add significant value for our valuable clients in Saudi Arabia i.e., Aramco, Madden, SABIC, NEOM, SEC, and many others valuable clients in Saudi Arabia.

— the Managing Director of Ferrometalco Steel Construction (FMC)


DSD Steel Construction AG
A company organized and existing under the laws of Switzerland, reformed in 2004, having extensive experience on the national and international market with operation in metallurgy, hydraulic steel construction, process technology, corrosion protection, construction of power plants as well as other facilities in the energy sector (coal, water, wind), steel-bridge construction, container crane construction, steel construction and structural steelwork, and onshore and offshore installations. For more information, please visit https://www.dsd-steel.com
Ferrometalco Steel Construction (FMC)
A company owned by Swiss and German corporations and organized under the laws of Egypt with a registered address in Cairo, Egypt. It was established in 1979, as a global leader in engineering, procurement, manufacturing, and construction for steel structures, pressure vessels, storage tanks, piping, pressure and non-pressure parts, and machining. For more information, please visit http://ferrometalco.com
Al-Kaabi Steel
Al-Kaabi Factory for Manufacture & Coating Steel Works Co, Dammam, Saudi Arabia, has been in Steel business for over 25 years and has built a reputation for quality products and exceptional customer service. Al Kaabi’s products include Structural, Mechanical, Process equipment, Piping, and Storage Tanks fabrication. The company serves customers in Saudi Arabia. For more information, please visit http://kaabi.com