Structural steel specialist, Arabian International Company (AIC), part of the Attieh Group, is opening a site in Newport, South Wales, United Kingdom.
The Saudi Arabian company now occupies the same site formerly used by Rowecord, the steel company that built the roof of the Olympic Aquatic Centre in London.
Rowecord went into administration in April 2013 owing £24 million, making 430 people redundant, but some of those people have been taken on by AIC.
Under AIC, the plant will produce around 18kt of structural steel per annum. The company chose Wales because of the region's supplier infrastructure and its heavy industrial heritage.
According to a report by the BBC, AIC's UK CEO, Michael Treacy, said the port will be integral to the company's export activity.
AIC's key customers are the oil and gas, refining, petrochemical, power, smelting, steel, cement, desalination and other industrial and commercial projects.There are two main AIC divisions: structural steel and transmission/telecom towers.
In addition to two plants in the Kingdom of Saudi Arabia with a combined annual capacity of 192kt, AIC has a base in the United Arab Emirates (84kt) a plant in Egypt (40kt) and an operation in China (70kt).