East Pipes Integrated Co announced in a statement that it has signed multiple contracts with NEOM with total value of the contracts worth about $99.3 million. The scope of works includes supplying of steel pipes for water transmission lines, and the duration of the contract is 12 months.
Under these deals, East Pipes Integrated will complete the supplying of its steel pipes to NEOM within one year, stated the company in its filing to Saudi bourse Tadawul.
Founded in 2010 in Dammam in the kingdom's Eastern Province, East Pipes Integrated Company has become a major manufacturer of spiral steel pipes.
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