Group Five Pipe Saudi Company secured a SAR176 million contract from Esnad Al Turuq Contracting Company for a water infrastructure project in Riyadh.
The contract covers the manufacture and supply of carbon steel Helical Submerged Arc Welded (HSAW) pipes for water transmission systems. The project will be carried out at Ras Al Khair, a key industrial hub.
Completion is scheduled by the end of May. The financial impact is expected to appear in the company’s results for the second and third quarters of fiscal year 2026. The award strengthens the company’s position in the regional water infrastructure sector.