Group Five Pipe Saudi Co. announced that it has bagged a contract for the Ras Al Khair - Riyadh water transportation system project from Saline Water Conversion Corporation (SWCC).

The company said in a stock exchange statement that the contract involves manufacture and supply of spiral-welded steel pipes for transporting water from Ras Al-Khair to Riyadh.

It said the project value is 3 billion Saudi riyals ($800 million).

(Writing by P Deol; Editing by Anoop Menon)


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