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Saudi Arabia’s East Pipes signs $15.2 million steel pipe supply contract

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On December 25th, East Pipes, a steel P420ML1 steel pipe manufacturer in Saudi Arabia, signed two supply agreements with Binyah, a Saudi real estate infrastructure company, and Al Rashid Trading and Contracting Company.

The total value of the contract is 57 million riyals (15.2 million US dollars), including P420ML1 steel value-added tax.

The company stated that the goods involved in the contract will be shipped within seven months and its financial performance will be reflected in the first two quarters of the 2025-26 fiscal year.

The annual production capacity of East P420ML1 steel Pipes' steel pipes is 500000 tons, mainly used for water, oil, and natural gas transportation.

  • Source: Abstract
  • Editor: Shirley

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