New Outlets Planned.

(From Gulf Construction)

Within its first year of under a new ownership, Saudi Arabia-based Muhaideb Technical Supplies (MTS) has given an indication of moving from strength to strength by quickly surpassing its performances over the previous year. The company is expecting a similar performance in the current year and has laid out plans that include the setting up of strategic new outlets to meet the demand

"In spite of the fluctuating prices of the international market, MTS has attracted enough market attention that it has had to open up new outlets to keep up with the demand," says operations manager Saghir Taj. "The demand for our products is increasing by the day," he adds

"Our goal is to establish various retail outlets and showrooms to showcase our wide array of products so that MTS becomes the leader in the field of fasteners and fixing materials. We are targeting top construction firms to supply them with their requirements at reasonable prices and aim to get involved in all infrastructure projects," Taj says

In addition to setting up additional outlets, the company has plans to improve its services both on the delivery side as well as in the technical aspect. Listing out the key markets where the company intends to kick off its ambitious expansion plans, Taj says: "The major strategic plan for the coming years is to continue expanding our retail outlets in order to serve and cover the remote areas of Saudi Arabia. We intend to reach out to the potential markets of Abha, Madinah, Makkah and Jubail and set up stores and showrooms that can meet our customers technical requirements as well as introduce them to our vast range of fasteners and fixing materials. "We are also looking at investing outside the kingdom by offering our services and know how to other promising markets in the region that include Qatar, the UAE and Iraq." The Saudi market offers a huge potential for growth, he says. "The kingdom's current five-year plan allocates $35 billion for infrastructure and public sector construction. Of this, $25 billion will be spent on infrastructure network expansion and upgrade, while $2 billion will go towards housing, $6 billion for municipalities and $2 billion for general construction. Plans are also on the anvil for setting up 600 new factories, expanding university campuses, and doubling the kingdom's desalination capacity through 300 water projects. "Some 600,000 housing units are also being built over the next four to five years. Current hotel and office building projects in the city of Riyadh alone are valued at over $1 billion," Taj points out

Established over 30 years ago, MTS claims to be the biggest distributor of all ranges of fasteners and fixing materials throughout Saudi Arabia. "The major scope of our business is to provide the construction industry with all kinds of fasteners and fixing materials with complete accessories from our stock or according to customers' specifications and also provide technical support and advice," he says. "Every effort is made to strictly comply with the delivery schedules to ensure that our customers receive their requirements well in time ...