Built to inform

Sign up for the daily newsletters

No, Thank you

Arabian Pipes wins $12mn Aramco order

Firm to deliver 385km of steel pipes from Riyadh factory in Q3 2014

NEWS, Business, Oil & gas, Saudi Arabia

Arabian Pipes has announced that it has landed a contract worth over $12.2mn (SR46mn) to supply up to 258km of welded steel pipes to Saudi Aramco.

The company said that the pipes will be produced at its Riyadh Plant and will be delivered during the third quarter of 2014.
Arabian Pipes Company made a net profit of $2.6mn in 2013, which was a 25% decline on the previous year.

The company declared a pre-tax loss of $1.8mn (SR6.8mn) for the three months to March 31, which was a 62% reduction on the same period last year.

The firm said the reduction was due to the fact that it had incurred lower costs due to the fact that its new plant at Jubail had now started production.

Most popular


Dubai's JW Marriott Marquis Hotel to host CW Awards 2019
15th edition of the CW Awards will be held at the five-star Dubai hotel to


Leaders UAE 2019: ALEC, CSCEC ME, Arada bosses on diversification
EXCLUSIVE: Kez Taylor, Sachin Kerur, Elie Mrad, and Grigoris Christofides share insights at Leaders UAE
Leaders UAE 2019: Dispute law updates can drive investments
EXCLUSIVE: Panel featuring HFW, Addleshaw Goddard, HKA, Al Tamimi & Co, and Pinsent Masons discusses

Latest Issue

Construction Week - Issue 749
Sep 15, 2019