Perma-Pipe International Holdings announced that its Saudi Arabian business unit has received formal technical and commercial approval from Saudi Aramco. Saudi Aramco is recognized as the world's largest oil company, making this a pivotal strategic milestone.
This approval significantly expands Perma-Pipe's business opportunities within the Kingdom of Saudi Arabia, enabling the company to directly serve the oil and gas sector. This is a critical step forward in its long-term strategic plan to strengthen its presence and broaden its product offerings in the region.
In addition to the Saudi Aramco approval, the company also announced $30 million in new contract awards. These awards further bolster the company's backlog and demonstrate continued demand for its specialized solutions in key markets.
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