Al Yamamah Steel wins key towers deals

Al Yamamah Steel Industries Company, a prominent Saudi manufacturer of steel products, has signed a contract with Saudi EPC firm Trading & Development Partnership Company (TDP) to supply steel towers, the company announced in a filing to the stock exchange.

The one-year contract, valued at SAR167.64 million ($44.65 million), is for the delivery of towers that will support the installation of a 380 kV ultra-high-voltage transmission line in Saudi Arabia’s western region. Deliveries are set to commence next month (August).

This latest contract builds on a previous SAR97.55 million deal signed in January with TDP for similar steel towers, intended for a 380 kV ultra-high-voltage line in the Eastern region.

Al Yamamah Steel has been actively contributing to the expansion of Saudi Arabia’s power transmission network. In February, the company secured two additional one-year contracts for supplying steel towers for 380 kV ultra-high-voltage lines, also in the western region:
• A SAR174.91 million contract with a branch of Hyundai Engineering & Construction Company, with deliveries scheduled to begin in September; and,
• A SAR112.90 million contract with a unit of National Power Construction Corporation Limited, with supply starting this month (July).

Established in Riyadh in 1989, Al Yamamah Steel Industries specialises in the production and sale of a range of steel products. These include steel welded tubes, steel sheets, steel reinforcement bars, and three-dimensional space structures for the building and infrastructure sectors. The company is also a key producer and marketer of galvaniszed steel lighting and distribution poles, high mast poles, and galvanized steel lattice towers for the electrical and distribution sectors.