The Colombian multinational Tecnoglass will expand from the Florida coast in the United States and will land in Saudi Arabia, the most important oil country in the Persian Gulf.
Tecnoglass, an expert in the manufacture of architectural glass and aluminum materials with the highest technology, went from being excited by a turnover of 200 million dollars in 2015 to reporting sales of 833.3 million dollars in 2023, currently showing increases 16% compared to the previous year (2022).
Tecnoglass arrives in Saudi Arabia
This successful company, apart from being recognized for being a Colombian mini empire, is also known for its leader, Christian Daes, who in different interviews has been described as a very casual, simple person and a very tolerant boss.
How much is the business between Tecnoglass and Saudi Arabia? Daes reached a milestone with his company recently by announcing a major contract with Saudi Arabia, where the company supplies a sample to the country for a sum of 6.5 million euros.
The Arab country has been planning an investment of more than $175 billion in industrial projects between 2025 and 2028, while the country’s construction sector is increasingly growing.
These gigaprojects planned by the country are the main support for the objectives of becoming a prominent tourist destination and making its economy independent of the oil sector.
Christian Daes stated in his X account that if Saudi Arabia liked the product, The contract would become one of 100 million eurosa huge investment that would boost the company’s profits and that can be directly connected to the innovation and construction plans of the Arab country.
The completion of this contract would not only promote job creation and boost the manufacturing sector in Colombia, but it would also increase exports and a greater attraction to foreign investments could be expected.
The rise of the company represents a significant milestone for the Colombian economy and is a testament to Colombia’s economic potential and its ability to excel in the international market.
On the other hand, there have been conversations in his posts where he states that his company will be hiring young people. “that they don’t know how to do anything” but with a voracious hunger to learn the ropes of the market.
About Daes: He is one of the most recognized businessmen in Colombia after turning his company into a benchmark for glass and windows in the United States.
Read more: Industrialization in Colombia motivates Tecnoglass investors.
