SSP mulls building pipes factories abroad

The Saudi Steel Pipes Company (SSP) is mulling building new steel pipes factories outside of Saudi Arabia, Managing Director Riyad Al-Rabiah told CNBC Arabia.

Rabiya said the company was looking into the possibility of building new plants abroad to serve its client base, adding that SSP exports its products since 1984 to the United States, Asia, Africa and other states.

He expected good financial results by end of 2014 due to a set of new projects that would have a positive impact on business.