Steel Rolling Mill Inauguration - 10 piastre
During the late 1960s under King Faisal, Saudi Arabia launched major industrialization initiatives aimed at diversifying the economy beyond petroleum. A primary achievement in heavy industry was the construction and commissioning of the Steel Rolling Mill (SULB) in Jeddah under the General Petroleum and Mineral Organization (PETROMIN), establishing domestic production capacity for structural steel and construction materials.
Issued in 1967 (1387 AH), this commemorative postage stamp marks the Steel Rolling Mill Inauguration 1967 (STEEL ROLLING MILL INAUGURATION 1967 / ذكرى افتتاح مصنع الحديد والصلب عام ١٣٨٧ هـ). Printed against a vibrant orange and pink background, the vignette illustrates the expansive industrial facility alongside a red gear cog, hammer, and anvil symbol, representing industrialization, economic diversification, and manufacturing growth in the Kingdom (SAUDI ARABIA / المملكة العربية السعودية).