Texam, a leading supplier of power transmission and conveying products, has taken part in missions to key Saudi business centres such as Riyadh, Jeddah and Damman over the past two years.
The contracts, the company's first in one of the Middle East’s most dynamic markets, were announced by John McGuigan, Texam Managing Director, and welcomed by Dr Vicky Kell, Invest NI Trade Director.
Speaking during a visit to the company, which employs 10 people, at Blaris Industrial Estate, Dr Kell said: "Texam's success is an excellent example of a smaller company which has identified and grasped the opportunities now developing strongly from the growth of the manufacturing industry in Saudi Arabia.
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'The kingdom is diversifying beyond its historic oil focus to become a major manufacturing centre for the region; a strategic development the Saudi authorities are encouraging and assisting. By supporting substantial investments, including developing manufacturing operations, the kingdom aims to provide greater opportunities for its growing population of young people and thereby broaden and strengthen the region’s skill base.
"As a result of this approach, prospects for our companies in manufacturing machinery and the required supporting services, including professional services such as management/employee development, will continue to grow.
"We have already achieved significant success in these areas but additional future opportunities are evident. Our trade experts in Saudi and the surrounding Middle East markets have considerable expertise and a network of contacts in the region to assist our companies. Using these unique resources large and small companies across a broad range of industries have taken advantage of the business opportunities identified," added Dr Kell.
Texam has longstanding business in the Sudan, where the company supplied a conveying system to a manufacturer in Khartoum.
(CD)
