SWCC awards $130.6m Water Pipes Contract to East Pipes Company

SWCC awards $130.6m Water Pipes Contract to East Pipes Company

East Pipes Integrated Company for Industry, Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes, announced in a statement that it has signed a new key contract with the Saline Water Conversion Corporation (SWCC) valued at SAR 490 million, to supply and deliver steel pipes for a water transmission project.

This follows the award of an SAR 497 million contract in March 2022, for a project of a similar nature, also by SWCC.

The project will span a period of 12 months with the financial impact reflecting in East Pipes’ financial statements in 2022/2023.

Mohammed Al Shaheen, Chief Executive Officer at East Pipes said: “The domestic economy is emerging from the pandemic stronger than ever, and is on a sustained path of recovery, following temporary project delays. East Pipes has positioned itself to continue to cement its leadership position in the Saudi market, backed by the necessary capacity and skills. The two major new contracts secured with SWCC this year, are testament to that, and we look forward to continue to collaborate, to achieve the Kingdom’s infrastructure goals in line with Vision 2030.”

“The current infrastructure sector and economic environment in the Kingdom is conducive to growth, and East Pipes anticipates an