01 October 2016

Al Yamamah Steel Industries Company has won a SR180-million ($48 million) contract from Saudi Electricity Company (SEC) to supply steel poles and accessories for its key projects in the kingdom.

With domestic energy consumption at around 38 per cent of the total oil and gas resources produced in the kingdom, SEC is looking to boost its capacity with new plants. 

According to experts, Saudi Arabia will be needing an investment of SR500 billion ($133.3 billion) in electricity projects over the next 10 years to cope with rising power demand.

Al Yamamah Steel said it has four business units to supply high quality and value-added products of steel hollow sections, lighting and transmission poles, high masts, overhead transmission lines (OHTL ) and telecom towers and space frames.

Al Yamamah also supplies steel reinforcing bars through its subsidiary Al Yamamah Rebar company.

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