Saudi pipe producer Amiantit recently one two governmental contacts valued at $35 million, reported Al-Hayat. The first contract requires the installation of ceramic pipes for the Saudi Minister of Agriculture and the second contract commissions Amiantit to supply pipes for several drainage projects in Jeddah.
Amiantit is an industrial organization engaged in manufacturing piping systems, insulation and rubber products, supply of advanced pipe technologies and water management business. It serves the needs of municipal, industrial, agricultural and energy markets. The company recently raised its capital from 550 million Saudi riyals to SR 650 million ($173 million). — (menareport.com)
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