Group Five Signs SAR 3 Billion Contract with Saline Water Conversion Corporation

Group Five Pipe Saudi Co. announced the Contract Sign Off on Monday for the Ras Al-Khair water transportation system project to Riyadh with Saline Water Conversion Corporation (SWCC). The contract spans 22 months and entails the manufacture and supply of spiral-welded steel pipes for transporting Ras Al-Khair water to Riyadh. The company anticipates that the financial impact of this contract will begin to be reflected from the third quarter of the fiscal year 2024.