MODON, Welspun sign deal to localize ductile pipe production

The Saudi Authority for Industrial Cities and Technology Zones (MODON) signed a contract with Welspun Middle East Pipes for the allocation of 493,000 square meters of industrial land in Dammam's Third Industrial City to localize the manufacturing of ductile pipes used in water transmission projects.

The project will involve a SAR 400 million investment, with a production capacity of 300,000 tons per year, the company said on its official X account.