Saudi Arabia’s National Metal Manufacturing and Casting Co. (Maadaniyah) has announced that its subsidiary, BAAS Gulf Industry Company (Valves Plant), has signed a supply contract with Harbin Electric International Company valued at SAR 10.08 mln (USD 2.7 mln), including VAT.
Under the agreement, BAAS Gulf Industry will supply valves for the Rumah Power project in Saudi Arabia.
The contract was signed on April 18, 2026, and has a duration of two years, according to the company’s filing.
Maadaniyah said the financial impact of the contract is expected to be reflected positively in its results by the end of 2026.
Maadaniyah operates several manufacturing facilities, including wire drawing, metal casting, axle production, and machining and fabrication plants located in Jubail and Dammam. The company also operates a facility within King Salman Energy Park (SPARK), specializing in the production of industrial valves and related accessories for the oil and gas, water, and petrochemical sectors across the region.
1 USD / 3.75 SAR
