Saudi Anabeeb Wins SAR 72.8M Aramco Pipe Deal

Saudi Steel Pipe Company (Saudi Anabeeb) signed a supply contract with Saudi Aramco worth approximately SAR 72.8 million on 28 September 2026, covering the delivery of steel pipes for the oil and gas sectors.

The agreement is based on an Aramco purchase order and requires the company to deliver products in line with Aramco's technical specifications and approved standards. The contract runs for 12 months.

the expected financial impact of the deal will appear in the second half of 2027. The company also confirmed that no related parties are involved in the transaction.

Why it matters

Contracts of this kind reflect the steady demand within the Kingdom's energy supply chain and the role of local manufacturers in serving major national projects. For the wider business community, deals between domestic industrial firms and Saudi Aramco point to continued momentum in the industrial sector, in line with efforts to localize production and strengthen supply chains under Saudi Vision 2030.

Steel pipe supply agreements are essential to oil and gas operations, supporting infrastructure that underpins one of the country's key economic pillars. Awards to Saudi-based manufacturers also help create business opportunities and support jobs across the sector.

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