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- AD Ports inks co-operation deal with Nigeria on ports, logistics
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26/02/2024 06:47 AST
Group Five Pipe Saudi Co. has announced the signing of a significant contract with the leading oil company, Saudi Aramco. The agreement, formalized on 30 May 2024 (22 Shawwal 1445 in the Islamic calendar), marks a major step forward for both entities.
The contract, valued at approximately SAR 1.3 billion inclusive of value-added tax, pertains to the manufacture and supply of spiral-welded steel pipes. These high-quality pipes will be tailored for a specific project under the ownership of Saudi Aramco.
The agreement extends over a 12-month period and is expected to have a notable financial impact starting from the third quarter of the fiscal year 2025. Importantly, no related parties are involved in this contract.
This collaboration reflects the strong partnership between Group Five Pipe Saudi Co. and Saudi Aramco, and underscores their joint commitment to delivering top-tier industrial solutions.
Tadawul
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20/01/2026
AD Ports Group has announced that it has signed an agreement with Nigeria's Federal Ministry of Marine and Blue Economy to explore cooperation in ports, logistics, maritime services and digital trade
Trade Arabia
20/01/2026
Bahrain Airport Services (BAS), the leading aviation service provider in the kingdom, said it has recently renewed major international accreditations, including the IATA Safety Audit for Ground Opera
Trade Arabia
20/01/2026
NMDC Group, an integrated energy, marine services and EPC major, said one of its key subsidiaries, NMDC Infra, has signed a strategic agreement to acquire 51% stake in Spanish group Lantania Aguas in
Trade Arabia
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Gulfnews
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Global technology group e& and IBM today announced a strategic collaboration to advance towards an enterprise-grade agentic AI foundation at e&, starting with policy, risk, and compliance.
Trade Arabia
Financial Information Co.
Saudi Arabia