Saudi Arabia-based pipe manufacturer Arabian Pipes Company (APC) has announced that it has signed a supply contract with fellow Saudi Arabian company Denys Arabia LTD for steel pipes worth around SAR 293 million ($78.10 million).
Under the contract, Arabian Pipes Company will supply steel pipes to the second phase of Denys Arabia’s Jafurah oil and gas pipeline project over 10 months. The financial impact of this contract is expected to be reflected in the fourth quarter of this year and the second quarter of 2025.