Council of Saudi Chambers issued the following announcement on Nov. 10.
The National Steel Industry Committee of the Council of Saudi Chambers has strengthened the Kingdom's position and global position in the field of iron industry, after the International Iron and Steel Organization selected the National Steel Industry Committee to become an associate member of the organization during the meetings of the General Assembly held in Monterrey, Mexico last October.
Thus, the Kingdom is gaining a new international position in the international organizations concerned with the development of trade, industry and investment. The selection of the National Iron Industry Committee for membership of the World Iron and Steel Organization reflects the prestigious position that the Kingdom enjoys in general and the private sector and its institutional bodies in particular, the weight and respect in international forums and organizations. It also reflects the steady development of the Saudi steel industry at all levels.
On the implications and expected benefits of joining the membership of the World Iron and Steel Organization, Chairman of the National Committee for the Iron Industry in the Council of Saudi Chambers Eng. Raed Al-Ajaji A key element in the discussions and the agenda of the G20 summit meetings, it is expected that this committee will help to raise the international level and achieve successes locally and internationally and contribute to raising the level of the Kingdom in the field of iron and steel industry. B globally is among the top 20 largest producers of iron and steel in the world.
Al-Ajaji added that the membership of the National Steel Industry Committee in the World Iron and Steel Organization will enable it to access a huge global database on the iron industry, reports, studies and related statistics and influence the performance and trends of the global steel industry, and allow participation in market development programs and initiatives, and to communicate with experts and specialists. As steel giants globally, join teams and expert committees in the field, take advantage of training opportunities in the organization's projects and gain high knowledge in the iron industry.
He pointed out that the World Iron and Steel Organization, based in Brussels, Belgium, is considered one of the most important and largest industrial organizations in the world, and plays a leading role in all strategic issues related to the iron industry with a special focus on economic, environmental and social sustainability. Steel has major projects in the construction and automotive sectors, with about 170 members from steel producers, national and regional steel industry associations and steel research institutes, representing 85% of the world's steel producers.
Al-Ajaji expressed his thanks to the Board of Directors of the Council of Saudi Chambers for their support to the National Steel Industry Committee and the National Committees of the Council, which contributed to the achievement of such achievements that are calculated for the Saudi business sector.
It is worth mentioning that the iron and steel industry in the Kingdom has grown significantly over the past years, supported by the economic growth witnessed in the country, and increased government investment in infrastructure and urban projects, and high demand locally and globally. A key element in the development wheel, which maximizes the importance of the membership of the National Iron Industry Committee of the International Iron and Steel Organization and raises hopes for a brighter future for this strategic national industry.
Original source: https://csc.org.sa/2019/11/10/1-31/