Seah Gulf Special Steel

Partners:

• Dussur
• SeAH CSS

STS project is a strategic partnership between the Korean company (SeAH) and Dussur, with an investment of 1,013.3 million Saudi Riyal (US$ 271 million) to establish the first factory in the MENA region in the King Salman Energy City (SPARK); For the manufacture of seamless stainless-steel pipes and tubes with sizes ranging from 3 to 10 inches, which are distinguished by their ability to withstand high pressure, anti corrosion, and longer life than other tubes. The project’s significance is in drawing worldwide knowledge and localizing the fabrication of these pipes, which are utilized in a variety of industries in the Kingdom, including the oil and gas sector, the petrochemical sector, and the water sector, among others. This relationship will result in the transfer and localization of industrial expertise, the establishment will create 230 employment opportunities for the citizens of the Kingdom, and the reduction of import reliance in the Kingdom’s fundamental sectors. It is anticipated that production will commence by the end of 2024.