Arabian, Chinese firms to tap heavy equipment market

A new business partnership is emerging between Arabian Bugshan Group and Chinese Shantui company, according to senior company executives.Arabian Bugshan Group (ABG) held its first meeting with China’s Shantui for Heavy Equipments in Jeddah recently.

Abdullah Ahmed Bugshan, chairman of ABG, who chaired the meeting, said the new business relationship will be a breakthrough in the heavy equipment industry to cater to the requirement of the Saudi market compatible with the Kingdom’s sustainable development.

Abdullah Bugshan stressed that the enormous development of infrastructure projects in the Kingdom has become the focus of major international players in construction and machinery industries around the world.

“Their contention is that the Kingdom has become the land of opportunity for its ever-booming building and construction sector and related machinery based on its future economic programs,” he added.

Bugshan said the group has a proven track record of achievements and reputation over the past five decades, which makes it capable of reaching new milestones in the future. This step comes in accordance with the group’s plans targeting the areas of investments in various fields commensurate with their aspirations and market mechanisms.

Wang Fei, president of Shantui, said his company is not only one of the major Chinese entities in the field of heavy equipment but one of the largest international companies specialised in this field worldwide.

The meeting also reviewed the size of Saudi construction market, especially the large-scale projects that need infrastructure and road and transportation projects that are being built across the Kingdom. The meeting was attended by Yasser Marie Bugshan, and Faisal Abdullah Buqshan and Ahmed
Abdullah Buqshan, both members of the board of directors of ABG, in addition to the group’s Managing Director Yunus Ibrahim and Executive Director Mohammed Taman.