Hoshanco Holding is a Riyash-based conglomerate with businesses connected to real estate, financial services, printing equipment and stationery items. In the latter instance, the company manufactures and distributes supplies like paper and writing instruments for schools and businesses within the Eastern and Northern sectors of Africa and within the Middle East.
The company was founded in 1964 by Sheikh Ahmad Al-Hoshan and has grown to the point that an estimated 800 people are employed within the various businesses. At the time of its creation, the company was strictly focused on the construction industry. The growth of the company has continued within the past 10 to 15 years, with the workforce of 2004 consisting of 600 people.
Over time, that vision has expanded, with an eye toward assisting businesses by making available things like office furniture and information technology. The office equipment and furniture divisions were the first examples of this expansion in 1975, followed by a focus on telecommunications five years later. This areas truly grew in the period from 1990 to 1995, when 17 maintenance centers and 15 different sales locations were opened.
Keeping pace with changing times, what had been a focus on microfilm products has evolved into a number of digital preservation options. The supplies portion of the company targeting specific markets that Hoshanco Holding like individuals with artistic hobbies and those that lean toward a more DIY philosophy.
The real estate portion of the corporation works through the Asas Pan Gulf Real Estate Investment firm. One of the centerpieces of this company’s effort will be its role in helping build the Crystal Tower in Jeddah that’s scheduled to open in 2018. When completed, the Tower is scheduled to become the world’s tallest building and also the first to top 1,000 meters in height.