Al-Oula Steel Manufacturing Company has officially entered the subsidized building materials market in Kuwait, following Ministerial Resolution No. 222 of 2024. This move aims to alleviate financial burdens on coupon holders and enhance competition by offering high-quality products at competitive prices. The resolution also establishes a price standard for 50 tons of rebar, which will guide market competitors. Since launching its rebar production in May 2023, Al-Oula Steel has focused on regional exports while promoting environmental sustainability through recycling efforts. CEO Ahmed Al-Kharafi expressed pride in this initiative, emphasizing its benefits for citizens and the national economy.