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Huta Hegerfeld starts its first project in the Kingdom, with the construction of the sanitary sewer system in Jeddah


Opening of Huta Hegerfeld’s branch in Riyadh


As one of very few foreign companies, Huta Hegerfeld receives a permanent operating license from the Ministry of Industry and Commerce


Huta Hegerfeld is transformed into Huta Hegerfeld Saudia


HUTA SETE is incorporated as a JV between Huta Hegerfeld and SETE (ex Petrola) focusing on the execution of marine projects


SETE’s shares in HUTA SETE are acquired by Huta Marine Works Ltd.


Huta Marine paid up capital is increased to SR 130,000,000


Incorporation of Huta Environmental Works Ltd, providing environmental engineering and other services


Huta Hegerfeld’s shareholders form Saudi Cranes Services, engaged in heavy lifting and crane rental services


Incorporation of Huta Foundation, engaged in foundation engineering works


Huta Marine commences construction of King Abdullah Port in Rabigh


Huta Marine holds a 50% stake (SR 2.6 bn) in the Ports Development Company, who own and develop King Abdullah Port


Huta Marine takes delivery of Al Bahar, one of the largest cutter suction dredgers worldwide, with 23,500 Kw of installed power


Huta Group Consolidated financial highlights (in 000 SR):
Contract revenues 2,600,000
Fixed assets 4,900,000
EBITDA 590,000
Employees 7,000