Saudi Arabia, 1 February 2023
SeAH Gulf Special Steel Industries, owned by Saudi Arabian Industrial Investments Company (Dussur) and South Korean SeAH Changwon Integrated Special Steel, broke ground on the construction of the first stainless seamless pipe and tube production plant in the MENA region on Wednesday, February 1, 2023, at King Salman Energy Park (SPARK).
The ground broke by Dussur CEO Dr. Raed Alrayes, and President and CEO of SeAH Holdings Mr. Tae Sung Lee , attended by South Korean Ambassador Mr. joon Yong Park, Executive Vice President of ARAMCO Mr. Ahmad Al-Sa’adi, , Vice Chairman of SeAH Holdings Mr. Eui Sook Park, CEO of SeAH CSS Mr. Sang Eun Lee, and CEO of Dussur Dr. Raed Al-Rayes.
SeAH Gulf Special Steel Industries is a joint venture between Dussur and South Korean SeAH Changwon Integrated Special Steel to establish the first stainless seamless pipe and tube production plant in the MENA region with a production capacity of 20,000 tons per year.
Through SeAH Gulf Special industries past EPC agreement with Sendan International, which has developed a strong position as a contractor in the Kingdom, the plant will be built on a 177,845-square-meter area at SPARK, one of the most developed industrial cities in the Kingdom, for its strategic location which offers integrated industrial, water, and telecommunication services. The plant is expected to begin its commercial operations by 2025.
This project highlights the parties’ shared mission to advance the Saudi industrial sector and serve the kingdom's oil, gas, energy, and water industry through strategic investments and partnerships with local and global entities.