TAQAT
TAQAT is a Saudi Arabian metal recycling and iron products manufacturer, headquartered in Riyadh, that supplies recycled metal and manufactured iron products to industrial factories and major infrastructure projects across the Kingdom.
- Company typePrivate
- Founded2017
- HeadquartersRiyadh, Saudi Arabia
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What TAQAT does
TAQAT, legally Taqat Mineral Company (شركة الطاقات المعدنية), is a Saudi Arabia-based metal recycling and iron products manufacturer founded in 2017 and incorporated in March 2019, headquartered in Riyadh with four branches. The company operates two core product lines: metal recycling services (collection, processing, and supply of recycled metal materials to industrial factories) and iron products, including reinforcing steel, supplied to iron and metal factories across the Kingdom. Its core technology is described as environment-friendly recycling and manufacturing using international technologies, and the company holds an environmental qualification certificate for operation and ISO-related certifications.
TAQAT serves Saudi industrial and infrastructure clients through a direct B2B sales motion, with named enterprise customers including SABIC, Watani Steel, and Al-Etefaq Factory (مصنع الاتفاق) in Dammam, and participation in flagship projects such as the Riyadh Metro Rail, the Aramco Dhahran Project, and King Khalid International Airport Terminal 5. Distribution is supported by a large fleet of specialized trucks delivering directly to factories, and primary customer segments are vertically defined as iron and metal factories, the construction sector, and mining and refining companies. Pricing is not publicly disclosed.
The business model is B2B commodity supply with project-based components: revenue is generated from selling recycled metal and manufactured iron products to industrial buyers and infrastructure projects under direct contracts, with no subscription, marketplace, or platform pricing mechanics evident. In 2021, the company appointed Mayyar Finance (معيار المالية) as financial advisor to pursue a direct listing on Saudi Arabia's Nomu parallel market through an offering of 2.44 million shares; the company has subsequently disclosed accumulated losses of 24.80% of capital due to elevated raw material costs and operating expenses, triggering regulatory procedures for listed companies. Marketing channels are limited to the corporate website, Twitter/X, LinkedIn, and WhatsApp Business, and there is no disclosed AI, software, or digital platform component to the business.
TAQAT firmographics
Firmographics- Name
- TAQAT
- Legal name
- Taqat Mineral Company (شركة الطاقات المعدنية)
- Website
- https://taqatco.sa
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- TAQAT is a Saudi Arabian metal recycling and iron products manufacturer, headquartered in Riyadh, that supplies recycled metal and manufactured iron products to industrial factories and major infrastructure projects across the Kingdom.
- Ownership category
- akta.pro rank
TAQAT industry classification
Industry- Product category
- Metal Recycling and Manufacturing
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Construction & Demolition (C&D) Metal Recycling (Structural Steel, Rebar, Roofing, Wire) (IMAKAMAF)
- akta.pro secondary industry
- Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters) (EUAIAJAH)
Keywords
Where TAQAT is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices2 records
Markets served
TAQAT business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Distribution channels1 record
Marketing channels5 records
TAQAT product offering
Product offeringCore offering
TAQAT is a Saudi Arabian metal recycling and manufacturing company that collects and processes scrap metal and manufactures iron products, including reinforcing steel, for supply to Saudi industrial factories and construction-sector customers. The company runs four branches in Riyadh, serves major clients such as SABIC and Watani Steel, and operates environment-friendly manufacturing processes certified under an environmental qualification program.
Product overview
TAQAT operates as a metal recycling company offering two main product lines: metal recycling services (gathering, processing, and recycling of metals) and iron products (manufactured iron products including reinforcing steel) supplied to Saudi Arabian factories. The company serves major Saudi industrial clients including SABIC and Watani Steel, and exports iron ore and aluminum.
Differentiator
Problem solved
Functional benefit
Products and services
- Metal Recycling Services Metal gathering, collection, processing and recycling services that produce recycled metal materials supplied to industrial factories in Saudi Arabia.
- Iron Products (Reinforcing Steel) Manufactured iron products, including reinforcing steel, supplied to iron factories and other metal factories in the Saudi Arabian market.
Companies that use TAQAT
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
TAQAT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
TAQAT partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Saudi Basic Industries Corporation (SABIC)coreStrong strategic partnership with SABIC, the largest petrochemical company in Saudi Arabia. This relationship provided the foundation for accessing most of the Kingdom's factories and establishing TAQAT's market presence.
Scale indicators1 record
Recent moves7 records
Expansion highlights4 records
TAQAT competitors and assessment
Company assessmentBroad incumbents
- Saudi Iron and Steel Company (HADEED): SABIC subsidiary and the largest steelmaker in Saudi Arabia. Directly comparable as a domestic producer of rebar and downstream steel products serving the same Saudi construction/infrastructure end markets, though at substantially larger scale and with vertical integration into iron ore and scrap feedstock.
- Tasnee (National Industrialization Co.): Saudi industrial conglomerate with downstream metals and building-products businesses. Comparable as a broad Saudi industrial incumbent operating in adjacent metals/value-added industrial-product segments that overlap with TAQAT's end customers.
- National Metal Manufacturing & Casting Co. (Maadaniyah / IBN RUSHD): Saudi joint-stock company engaged in metal manufacturing, rebar production and metal casting. Comparable as a domestic vertically integrated ferrous-metal manufacturer serving the same Saudi industrial accounts, with broader product scope.
Regional players
- Arabian Metal Industries: Metal products manufacturer and trader based in the Gulf region. Comparable as a regional metal-products/rebar supplier competing for similar B2B industrial and construction customers across the Middle East.
- Gulf Metal Trade (GMT): Gulf-based metal trading and recycling company dealing in ferrous scrap and finished metal products. Comparable as a regional scrap-metal aggregator and trader active in the same Saudi/GCC industrial supply chain.
- Emirates Recycling: UAE-based metal-recycling company operating scrap collection, processing and trading. Comparable as a neighboring regional player in ferrous and non-ferrous scrap recycling serving Gulf industrial customers, though operating primarily in the UAE rather than Saudi Arabia.
- Star Metal Industries: Regional manufacturer of metal products including rebar and structural steel serving Gulf construction markets. Comparable in product mix and customer profile, but operates primarily outside of Saudi Arabia.
Direct peers
- Watani Steel: Saudi steel manufacturer and reinforcement-bar producer. Direct peer in product (rebar/iron) and end-market (Saudi construction), and is both a TAQAT customer and a competing supplier to the same industrial accounts.
- Al-Etefaq Steel Products Company: Saudi manufacturer of steel products including reinforcement bar, headquartered in Dammam. Directly comparable as a regional rebar/iron-products producer competing for the same Saudi construction and infrastructure customers (and is itself a TAQAT customer).
- Saudi Recycling Company (SRC): Saudi-based scrap-metal and industrial-waste recycling company. Direct peer in the metal-recycling/collection segment, competing for the same Saudi industrial scrap supply and downstream processed-material buyers.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
TAQAT social profiles
Digital presenceTAQAT financial estimates
Financial estimateRevenue estimate
Valuation estimate
TAQAT leadership team
Management profileNumber of profiles
Profiles5 records
TAQAT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TAQAT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TAQAT
What does TAQAT do?
TAQAT is a Saudi Arabian metal recycling and manufacturing company that collects and processes scrap metal and manufactures iron products, including reinforcing steel, for supply to Saudi industrial factories and construction-sector customers. The company runs four branches in Riyadh, serves major clients such as SABIC and Watani Steel, and operates environment-friendly manufacturing processes certified under an environmental qualification program.
Is TAQAT a public or private company?
TAQAT is a private company. It is classified as unknown and is currently operating.
When was TAQAT founded?
TAQAT was founded in 2017. It employs 51 to 100 people.
Where is TAQAT based?
TAQAT is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
Who are TAQAT's main competitors?
Broad incumbents on record are Saudi Iron and Steel Company (HADEED), Tasnee (National Industrialization Co.) and National Metal Manufacturing & Casting Co. (Maadaniyah / IBN RUSHD). Regional players are Arabian Metal Industries, Gulf Metal Trade (GMT), Emirates Recycling and Star Metal Industries. Direct peers are Watani Steel, Al-Etefaq Steel Products Company and Saudi Recycling Company (SRC).
Does TAQAT have an API?
No public API is recorded for TAQAT.
What industry is TAQAT in?
TAQAT's product category is Metal Recycling and Manufacturing. Its primary akta.pro industry code is IMAKAMAF, Construction & Demolition (C&D) Metal Recycling (Structural Steel, Rebar, Roofing, Wire), with a secondary code of EUAIAJAH, Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters). Its SIC code is 1000.