During his recent visit to Saudi Arabia to attend the ASEAN-Gulf Cooperation Council Summit on October 18, Prime Minister Pham Minh Chinh and his accompanying high-ranking Vietnamese delegation met with several leaders from the country's government, major corporations, and large investment funds.
Upon landing at Riyadh airport, Prime Minister Chinh and his entourage met with leaders of Zamil Group, including Zamil Industrial Investment Company (ZIIC), and Zamil Steel Vietnam.
The meeting featured delegates from Vietnam’s Ministry of Foreign Affairs and other relevant bodies, as well as several Zamil Group representatives.
|Prime Minister Pham Minh Chinh with Abdulrahman Al Zamil, chairman, Zamil Group
PM Chinh acknowledged Zamil Steel's contribution to the development of Vietnam's economy thanks to its two factories here which have created over 1,000 jobs and fuelled the country's exports, and he expressed his hope that the group would consider expanding production activities to other areas.
During the meeting, the chairman of Zamil Group, Abdulrahman Al Zamil, extended a warm welcome to Chinh and expressed his appreciation for the Vietnamese government's support of Zamil Group and Zamil Steel Vietnam's activities over the past twenty-six years.
Al Zamil stated the group's development strategy in the Vietnamese market and expressed his desire that Vietnam would create additional policy refinements for the group to export products to the region.
At the Vietnam-Saudi Arabia Business Forum in Riyadh on October 19, Chinh witnessed the signing of an agreement to strengthen investment in Zamil Steel Vietnam until the end of the decade. Nawaf Al Zamil, president of Zamil Steel Holding Company, and Mohammed Al Sahib, CEO of ZIIC were also present.
Zamil Group considers Vietnam to be one of its key strategic markets, as well as a gateway for expansion into the Asia-Pacific market, with Zamil Steel currently one of Saudi Arabia's largest investors in Vietnam. The company also plays an active role in connecting Vietnamese and ASEAN businesses with the economies of the Persian Gulf.
During the meeting, Abdulrahman Al Zamil gladly accepted an invitation from Chinh to visit Vietnam to witness the country's development and explore new investment opportunities.
|Nawaf Al Zamil, president, Zamil Steel with the Zamil Vietnam team
Zamil Steel Vietnam was established in 1997 and built its first factory in Noi Bai Industrial Zone, Hanoi. After the company's revenue grew rapidly over the following decade, the company constructed a second factory in southern Vietnam in 2008.
|The Zamil Steel brand has gained a solid reputation in the design, manufacture, and supply of pre-engineered steel buildings.
Since then, Zamil Steel Vietnam has provided more than 7,000 pre-engineered steel building projects for domestic customers and exported to the entire ASEAN region, US, Japan, Australia, and other markets.
The Zamil Steel brand has gained a solid reputation in the design, manufacture, and supply of pre-engineered steel buildings.
With a history spanning over 100 years, Zamil Group has emerged as one of the largest investment groups in Saudi Arabia, with its headquarters located in Al Khobar.
|South Korea's SK Group continues to deepen investment in Vietnam
SK Group, one of the largest companies in South Korea, and its subsidiaries continue to bolster investment in Vietnam across various fields.
|Swire group bolsters investment in Vietnam
British conglomerate John Swire & Sons has revealed its expanding role in Vietnam's economy, emphasising growth in aviation, healthcare, and sustainable development.
|Zamil Steel upbeat on Vietnam market
The leading steel structure supplier in the region, Zamil Steel Buildings Vietnam Co., Ltd. sees a bright outlook for the Vietnam market over the next five years.