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FinancialNews
15-08-21
Saudi Tawal plans to build about 200 new towers in Kingdom
(MENAFN) Argaam quoted CEO Mohammed Alhakbani as saying that Saudi ICT infrastructure company Tawal aims to construct about 200 new towers in the Kingdom annual, to keep pace with the sector’s growth requirements.
He further declared that the company plans to be part in major projects in the Kingdom, such as NEOM, Al-Qiddiya, Red Sea, Amaala and AlUla.
Alhakbani also stated that there are over 35,000 communications towers in Saudi Arabia, and Tawal owns about 45 percent of them.
The official added, the company’s net profits margin averages from 15-to-20 percent, a strong performance in comparison with the profit margins and returns for the most efficient international companies.
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