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Perma-Pipe International Holdings announces contract award of $14 million in Saudi Arabia

By District Energy posted 09-28-2022 07:19




Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced its Saudi Arabian subsidiary has recently been awarded a contract for $14.0 million for the King Salman Park Project - Vision 2030. The project is expected to be executed in the fourth quarter of 2022.

The project is part of major infrastructure developments planned in Saudi Arabia’s Vision 2030. The project will utilize 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, General Manager for Perma-Pipe Saudi Arabia states, "We are pleased to be part of the King Salman Park project, and we are delighted that Al Haif Contracting have placed their trust in Perma-Pipe. It is exciting to be part of this project that will assert Riyadh as one of the most livable cities in the world."

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