King Salman Energy Park has broken ground on a new USD 240 million Saudi’s first stainless-steel seamless pipes & tubes production facility SeAH Gulf Special Steel Industries in collaboration with Korean steel manufacturer SeAH CSS. The new facility will span nearly 178,000 square meters and have the operating capacity to produce 20,000 tonnes of seamless pipes and tubes per annum. The facility is expected to begin operations in 2025SeAH GSI is a joint venture between the Saudi Arabian Industrial Investments Company Dussur and SeAH CSS. The groundbreaking ceremony comes following the signing of an agreement between SPARK and SeAH GSI in September 2022 to develop the production facility, which will increase the manufacturing of energy-related products in Saudi Arabia, reinforcing the Kingdom’s localization efforts in line with Saudi Aramco’s In-Kingdom Total Value Add (iktva) program and the National Industrial Strategy, as part of Vision 2030.
King Salman Energy Park has broken ground on a new USD 240 million Saudi’s first stainless-steel seamless pipes & tubes production facility SeAH Gulf Special Steel Industries in collaboration with Korean steel manufacturer SeAH CSS. The new facility will span nearly 178,000 square meters and have the operating capacity to produce 20,000 tonnes of seamless pipes and tubes per annum. The facility is expected to begin operations in 2025SeAH GSI is a joint venture between the Saudi Arabian Industrial Investments Company Dussur and SeAH CSS. The groundbreaking ceremony comes following the signing of an agreement between SPARK and SeAH GSI in September 2022 to develop the production facility, which will increase the manufacturing of energy-related products in Saudi Arabia, reinforcing the Kingdom’s localization efforts in line with Saudi Aramco’s In-Kingdom Total Value Add (iktva) program and the National Industrial Strategy, as part of Vision 2030.
