Hitachi expands elevator business in Saudi Arabia

Hitachi Elevator Saudi Arabia is a joint venture between Hitachi and Saudi Arabian investment firm Mayar Holding Company.
Updated 04 December 2018

Hitachi expands elevator business in Saudi Arabia

Hitachi Ltd. has announced the establishment and start of the formal business operations of Hitachi Elevator Saudi Arabia Limited., with its main business tenets of sales and service. Hitachi Elevator Saudi Arabia is a joint venture between Hitachi and Saudi Arabian investment firm Mayar Holding Company. The joint venture aims to deliver high-quality and high value-added products and services that will realize the concept of safe, reliable and comfortable cities.

Hiroshi Nasu is the managing director of Hitachi Elevator Saudi Arabia.

The newly established elevator market in Saudi Arabia is a promising market in the Middle East, and saw on average a demand of 7,000 units per year between 2013-2017, looking to remain stable in future. More than 80 percent of the demand comes from major cities like Riyadh, Jeddah, Makkah and Madinah, with construction plans expected to continue in the near future.

In line with Hitachi’s vision of further expanding into the global elevator market, Hitachi designated Gulf Elevators & Escalators Co. Ltd, a wholly owned subsidiary of Mayar, as their agent in Saudi Arabia. In 2011, Hitachi supplied 22 elevator units to Saudi Arabia for a number of projects, including hotels, offices, and residential and commercial units. The company supplied seven high-speed elevator units (with a speed of 360m/minute) to Burj Rafal Hotel Kempinski Riyadh, the third tallest building in Saudi Arabia. 

With the opening of the new company, Hitachi will be able to provide Saudi Arabia with its elevator maintenance service, aiming to proactively expand its business activities here.

Mashroat to support Labor Ministry projects

Updated 15 July 2019

Mashroat to support Labor Ministry projects

The Ministry of Labor and Social Development and the National Program to Support the Management of Projects in Public Entities (Mashroat) have signed a memorandum of understanding (MoU) to appoint the latter as the enabling arm to support infrastructure projects. Mashroat will provide consultancy services and technical support for managing the ministry’s construction projects and facilities management based on the highest administrative and operational standards.

The MoU will allow Mashroat to examine and evaluate the construction projects’ management strategies and the ministry’s current facilities management, including designing and identifying policies, procedures and processes. In addition, Mashroat will ensure project implementation and facility management systems are run efficiently and effectively.

The MoU is considered as the first of its kind to be implemented by Mashroat to support the management of public facilities for government entities in the Kingdom. This includes the provision of consultation services and technical support based on international best practices and will support the ministry’s facilities, including 14 operating and maintenance contracts for 389 sites spread throughout the country.

The MoU was signed by Executive General Supervisor of Supportive Services at the Ministry of Labor and Social Development Dr. Ayman bin Ibrahim Al-Shelafan, and Director-General of Mashroat Ahmed bin Mutair Al-Balawi. In attendance were Minister of Labor and Social Development Ahmed bin Suleiman bin Abdul Aziz Al-Rajhi, Assistant to the Minister of Labor and Social Development Mohammed bin Nasser Al-Jasser, and Assistant Minister of Economy and Planning and Board Member of Mashroat Khalid bin Saud Al-Shunaifi.

Al-Jasser said: “The signing of this MoU is an important step toward strengthening our partnership with Mashroat. Through this joint effort, we aim to strengthen the ministry’s public infrastructure system, and achieve a strategy that will contribute to the development of the Kingdom and achieve the ambitious goals of Vision 2030.”

Al-Balawi said: “Mashroat aspires to achieve an effective transformational approach for the project and facilities management offices in the governmental agencies, through supervising the planning of the infrastructure projects portfolio for government agencies.” 

He added: “We are pleased to sign this MoU with the ministry, the first-of-its-kind for the management of public utilities. The program will examine and evaluate the management of current construction projects, while uniting the measurement of operational and maintenance procedures and processes to achieve efficiency and effectiveness, fulfilling the ministry’s strategic objectives.”

The MoU is an implementation of a royal decree (No. 47004) dated May 31, 2018, pursuant to the Council of Ministers’ resolution stating that public entities shall establish project management offices in cooperation with Mashroat to follow up, coordinate and manage their projects and ensure their delivery.