Al Yamamah Steel Industries Co. has signed a contract with the Saudi EPC contractor, Trading & Development Partnership (TDP), to supply steel towers, the company announced in a stock exchange filing.
The towers will be used for the construction of a 380 kV ultra-high voltage line in the eastern region.
The contract is valued at SAR 97.548 mln (USD 25.9 mln), and its duration is one year, the company said.
Supply for the project is set to begin in May 2025, with the financial impact expected to be reflected in Q3 2025.
1 USD / 3.75 SAR
