00:00 I think that the market is still growing. It is still in a state of crisis. There are products that are not available in the market or that are in the stores outside the Saudi Arabian Republic.
00:24 We will see the results in the next month.
00:30 What are the markets that have achieved the biggest sales? Have you faced any challenges in the markets during this period?
00:41 If we talk about the export market, it is quiet in the world. But the market in the Saudi Arabian Republic is not in a state of production.
00:56 We do not depend on one market. We have the infrastructure market, the agricultural market, and the green Saudi Arabia market.
01:15 And agriculture in general has increased demand.
01:23 If we talk about government contracts, how big are the contracts with the company now?
01:34 There are no big contracts with the government. Most of our contracts are with companies owned by the public sector.
01:53 How much does this mean for your market share today? How much has your market share increased?
02:04 Of course, in terms of the opinion, our market share is the largest without a dispute.
02:14 We have a competition with the US company. As for the telecom sector, it has a competition.
02:23 The infrastructure sector, the water, the health sector, the oil sector, it has a competition.
02:31 The telecommunications sector is good, but we will achieve more in the second half.
02:37 Mr. Saleh, how much has the financial impact of the contract with SABEC? What do we expect from this agreement with the other party?
02:48 Our contract with SABEC is only one year old, but this year we jumped.
02:53 We were expecting and we started working on the project of Darayen and the island of Sindara.
03:04 This will take the quantities of the sites we have signed on. I expect 50% more than what we signed on.
03:12 When will we see the financial impact of this contract with the company?
03:17 We hope that in the second half we will have a plan.
03:23 As for the acquisitions, where did we reach? The last acquisition was with the company Shoker. How much did you charge the company?
03:36 We have a contract with Shanko because we have been waiting for nine years for decisions in the company to change the design or the type of product in the pipelines, from metal to non-metal.
03:58 We started this factory and made investments and studies in the past on the work of non-metal pipelines.
04:07 We made the factory in China. Now we have the opportunity to buy everything related to this company in Saudi Arabia.
04:18 This factory will be all its products, including oil and hydrogen.
04:33 Will it be for the local demand or for export?
04:38 No, there is a very high technology, so it will be for export.
04:42 Is there a specific percentage for export?
04:45 We expect a reduction of 40%.
04:49 A reduction of 40%?
04:51 Yes, but so far we have not agreed on the work, but God willing, we will implement the project soon.
05:00 I return to the head of the tent factory, because I think you have recently moved all the factories and equipment to the Kingdom of Saudi Arabia. Was the transfer process due to local demand?
05:20 The factory was a huge factory and was one of the first in the Arab world.
05:30 We want to use a product called the silent pipe, which is used in the area of health.
05:50 We have not started production yet, but soon it will be specialized for silent pipes.
06:04 The high standard will be to deliver the project to the United Nations, the Red Sea and other countries.
06:24 How much did the financing cost you, Mr. Saleh?
06:36 We have no problem with any commercial banks at all. We have not submitted any money to the bank. We submitted a two-year loan, and we expect it to be paid at the end of the year.
06:54 We took a payment or two payments, but it is not a big amount.
07:02 We wish you good luck, Mr. Saleh Almshagah. You are the Deputy Chairman of the Board of Directors and a member of the Industrial Media Company. Thank you very much.
