McDermott Arabia Company Limited (MACL) has awarded Saudi Arabia-headquartered Arabian Pipes Company a contract worth nearly $122 million (SR 450 million) to supply steel pipes.
Under the 12-month agreement, the Saudi listed firm will supply MACL with steel pipes, according to a recent bourse disclosure.
Arabian Pipes mentioned that the deal will reflect on its income statements during the third quarter of 2023.
Last September, Arabian Pipes was awarded a SR 155 million contract from Saudi Aramco to provide the latter with steel pipes.
