According to Essar Corporate Planning General Manager Amar Kapadia, the Indian Essar Group, which is making the largest foreign direct investment in Saudi Arabian steel sector history, picked the nation for its welcoming investment climate.

By year's end, construction on the new integrated flat steelworks is expected to begin, and it will be finished by the end of 2025.

In an exclusive interview with Kallanish during the Saudi International Investment Forum, Kapadia said, "Management has asserted that critical to the progress has been the enlightened and collaborative approach of the Saudi government ministries: the Royal Commission of Jubail and Yanbu, Invest Saudi, the National Industrial Development Centre, and related entities who have provided a highly supportive and informed technocratic basis for both facilitating and supporting the planned investment."