Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR485 million ($129 million) from the Saudi Water Authority for the manufacture and supply of steel pipes.
Founded in 2010 at Dammam in the kingdom's Eastern Province, East Pipes has today become a major manufacturer of spiral steel pipes. It presently offers helical submerged arc welded (HSAW) pipes, used in transport, water, oil and gas and other sectors, to customers worldwide.
The entire contract work will be completed within a six-month period, stated East Pipes in its filing to the Saudi bourse Tadawul.
East Pipes said the financial impact of the contract will be reflected in the Q4 of financial year 2025/2026 and Q1 of financial year 2026/2027.
This comes close on the heels of its SAR40 million contract win from Abdullah Ibrahim Alsayegh & Sons in June. As part of the deal, it will be responsible for manufacture and supply of steel pipes and external coating.-TradeArabia News Service
