“Anabeeb” launches a factory for drilling pipe connections at a cost of 30 million riyals
Board of Directors approved "Arab Pipe Company"during its meeting held on December 24, 2025, on the project of establishing a fittings factory for drilling pipes in the company’s factory in the second industrial zone in Riyadh, with a production capacity of up to 50 thousand units annually, and an estimated cost of 30 million riyals.
The company expects, according to a statement on… "Saudi Arabia trading"Today, Thursday, the project work will begin in the first quarter of 2026, after obtaining the necessary regulatory approvals from the competent authorities.
The company explained that the project will be financed through self-resources and other funding sources, while contracting to implement the project work will be made with several specialized contractors and suppliers after obtaining the necessary regulatory approvals from the competent authorities.
The impact of the project on the company’s results is expected to begin during the second quarter of 2027, With the start of commercial production, after the end of the approximately 3-month trial production.
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