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6,533.08 TRY Gold (gr) Gold (gr)
104.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Al Yamamah Steel signs major contract with Hyundai E&C

Al Yamamah Steel Industries Company has signed a contract with Hyundai Engineering & Construction's branch for the supply of steel towers.

Al Yamamah Steel signs major contract with Hyundai E&C

Al Yamamah Steel Industries Company officially announced that it has signed a contract with Hyundai Engineering & Construction's branch for the supply of steel towers. The contract is worth SAR 174,911,755 (approximately USD 46,628,468) and aims to support the 380 kV power line project.

The contract includes the supply of steel towers required for the power line project, which aims to strengthen the infrastructure in the region. Delivery of the steel towers is scheduled to begin in September 2025.

This strategic partnership is expected to contribute positively to the company's growth and the region's energy network.

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