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SPRING, Texas–(BUSINESS WIRE)–Perma-Pipe Worldwide Holdings, Inc. (Nasdaq: PPIH) right now introduced its Saudi Arabian subsidiary has not too long ago been awarded a contract for $14.0 million for the King Salman Park Mission – Imaginative and prescient 2030. The undertaking is predicted to be executed within the fourth quarter of 2022.
The undertaking is a part of main infrastructure developments deliberate in Saudi Arabia’s Imaginative and prescient 2030. The undertaking will make the most of Perma-Pipe’s pre-insulated pipes and fittings and the XTRU-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene.
Raed Al Saleh, Basic Supervisor for Perma-Pipe Saudi Arabia states, “We’re happy to be a part of the King Salman Park undertaking, and we’re delighted that Al Haif Contracting have positioned their belief in Perma-Pipe. It’s thrilling to be a part of this undertaking that can assert Riyadh as probably the most livable cities on the planet.”
Saleh Sagr, Senior Vice President for Perma-Pipe’s MENA area commented, “I’m glad to announce that this necessary undertaking has been assigned to Perma-Pipe. The King Salman Park undertaking attests to our main market place in Saudi Arabia and provides us the chance to exhibit our experience and our industry-leading services to a different new, strategically beneficial buyer.”
David Mansfield, President and CEO commented, “The Saudi Arabian market is changing into more and more extra lively and necessary to us. We’re delighted with this award, and the chance to take part in Saudi Arabia’s pursuit of its Imaginative and prescient 2030.”
Perma-Pipe Worldwide Holdings, Inc.
Perma-Pipe Worldwide Holdings, Inc. (Nasdaq: PPIH) is a world chief in pre-insulated piping and leak detection techniques for oil and gasoline gathering, district heating and cooling, and different purposes. It makes use of its in depth engineering and fabrication experience to develop piping options that clear up complicated challenges concerning the protected and environment friendly transportation of many forms of liquids. In complete, Perma-Pipe has operations at 13 areas in six international locations.
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