Al Yamamah Steel Industries announced the signing of a contract with Larsen & Toubro Saudi Arabia LLC (L&T Saudi Arabia) to supply steel towers for a 380 kV ultra-high voltage line project in the central region. The contract is valued at SAR 119 mln (USD 31.6 mln).
The contract duration is set for one year, with deliveries scheduled to begin in January 2025. The company anticipates that the financial impact of this contract will be reflected in its financial statements for Q2 2025.
Al Yamamah Steel specializes in the manufacturing and sale of a variety of products including welded tubes, sheets, rebars, and three-dimensional space structures, primarily serving the buildings and infrastructure sector. The company also produces galvanized steel lighting and distribution poles, high mast structures, and galvanized steel lattice towers for the electrical and distribution industry. Its production facilities are strategically located in Jeddah, Dammam, and Yanbu.
1 USD / 3.75 SAR
