East Pipes Integrated Company for Industry of Saudi Arabia announced in a statement that it has signed a new contract from Saline Water Conversion Corporation (SWCC).
The value of the contract is SAR 324 million (USD 86.4 million).
As per the contract, the company will be supplying steel pipes for water uses. The duration of the contract is 210 days.
The financial impact of this contract is expected to be materialized in the fiscal year 2022 – 2023, statement mentioned.