Nesma & Partners manages SAR 40B project portfolio: CEO

Nesma & Partners Contracting Co. currently manages a project portfolio worth up to SAR 40 billion, according to CEO Samer Abdul Samad.

Speaking to Argaam at the Future Minerals Forum (FMF), Abdul Samad explained that Nesma & Partners collaborates with key players in the Kingdom, including NEOM, the Diriyah and Qiddiya projects, Aramco, and King Salman Park, contributing to the achievement of Saudi Arabia’s Vision 2030 goals.

The CEO highlighted the company’s experience in the mining sector, as it previously worked on projects with mining firms like Saudi Arabian Mining Co. (Maaden) and Almasane Alkobra Mining Co. (AMAK) 10 to 15 years ago.

He added that the company's participation in the last year’s third FMF edition was aimed at identifying new trends in the sector, leading to the integration of mining into its current-year strategy.

Nesma & Partners is now exploring entry into the mining sector through potential partnerships or acquisitions, Abdul Samad said, adding that the final decision will depend on available opportunities in the near future.

He also highlighted recent contracts under Aramco’s Master Gas System program in 2024, explaining that the company secured new projects with King Abdullah Petroleum Studies and Research Center (KAPSARC) and Diriyah at Jabal Qurain district.

 Abdul Samad expressed hope to expand further through major upcoming projects.

According to Argaam, Rami Alturki, Managing Director & Executive Committee Chairman of Nesma & Partners, said the company is considering stock listing on the Saudi exchange with shareholders and the Public Investment Fund (PIF).