Logo of Group Five Pipe Saudi Co.
Group Five Pipe Saudi Co. said it was awarded a project, on May 21, by Saudi Arabian Oil Co. (Saudi Aramco) worth SAR 847 million, including value-added tax (VAT).
The project includes the manufacture and supply of spiral-welded steel pipes for the transportation of local gas for the Master Gas System project, owned by Saudi Aramco, with a length of 308,540 meters, and a diameter of 56 inches, the group said in a statement on Tadawul.
There are no related parties to the contract, the statement added.
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