Saudi Steel Pipe Company announced that its subsidiary, Global Pipe Company, has secured a significant contract with Subsea 7. The deal, valued at 300 million Saudi riyals (US$80 million), involves the supply of line pipes for an offshore redevelopment project.

According to a statement released to the Saudi stock exchange, the contract is scheduled for a duration of 11 months. While specific details regarding the redevelopment project were not disclosed, Subsea 7 previously secured a major long-term agreement with Saudi Aramco in September 2025. That contract scope includes the engineering, procurement, construction, and installation of 106 kilometers of pipelines and modifications to offshore facilities within the Kingdom.