Gas signs contract with Advanced to construct pipeline at SAR 50.9 million

Gas Arabian Services Co. has officially announced the signing of a SAR 50.9 million contract. The agreement entails the construction of a pipeline from Advanced Company to supply a gaseous stream to Jubail United Company (UNITED), an affiliated company of SABIC.

The company stated that the contract includes engineering, procurement & construction project to construct a pipeline from Advanced Company to gaseous stream to Jubail United Company (UNITED), an affiliated company of SABIC, for 14 months.

Gas expects that the financial impact on the company’s financial statements will appear in the years 2023 and 2024.

This comes further to the company’s announcement of awarding the contract on March 6, 2023.