Arabian Pipes Company, Saudi Arabia announced in a statement that it has awarded supply of steel pipes for Jafurah Pipelines Phase II Project.
The contract was awarded by Denys Arabia LTD. The value of the contract is SAR 293million (USD 78.1 million).
The contract duration is 10 months from the date of signing the deal, while the financial impact of this transaction is expected to reflect on Arabian Pipes’ income statements during the period from the fouth quarter (Q4) of 2024 until Q2-25, statement mentioned.
