Client has signed agreement with Korea's SeAH Changwon Integrated Specialty Steel Co Ltd (SeAH) to establish the first local seamless stainless steel pipe production plant.
This project is currently under design stage.
Seah Gulf Special Steel is a joint venture between Saudi industrial investments company Dussur and Korean group SeAH Changwon Integrated Special Steel Corporation has sealed two agreements for the new steel pipe factory in Dammam being built at an investment of more than SR1 billion ($266.3 million). It had awarded an engineering, procurement, and construction contract (EPC) contract worth SR260 million ($69.2 million) to Sendan International Company, a leading Saudi-based construction group, for the new steel factory. As per the deal, the entire project will be completed in 34 months and the commercial operation of the factory will begin by 2025. It has also inked a industrial land allocation agreement with King Salman Energy City (Spark). Under this, the Saudi energy park will allocate SeAH Gulf Special Steel a land area of 177,845 sq m to build its factory, which, once operational, will have a production capacity of 20,000 tonnes per year.
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