Perma-Pipe International Holdings, Inc. Expands Middle East Presence with Saudi Aramco Approval and $30 Million in New Project Awards
Perma-Pipe International Holdings, Inc., a global leader in engineered pipe coating and containment systems, today announced a major strategic milestone for its operations in Saudi Arabia. The Company’s Saudi Arabian business unit has received formal technical and commercial approval from Saudi Aramco, the world’s largest oil company. This achievement represents a pivotal development for Perma-Pipe, significantly expanding its market access in the Kingdom and opening the door to new opportunities across the oil and gas sector.
Until now, Perma-Pipe’s operations in Saudi Arabia were primarily focused on district heating and cooling (DHC) projects. While successful in this segment, the Company’s participation in the broader Saudi pipe coating market was limited. With this approval from Saudi Aramco, Perma-Pipe is now positioned to serve directly one of the Kingdom’s most critical industries and participate in the largest and most dynamic pipe coating market in the Middle East—a market that is also recognized as one of the largest globally.
This milestone not only strengthens Perma-Pipe’s footprint in Saudi Arabia but also aligns closely with its long-term strategic objectives of expanding product offerings and deepening customer relationships in high-potential international markets. By gaining approval to work directly with Saudi Aramco, Perma-Pipe reinforces its commitment to supporting the Kingdom’s energy infrastructure and contributes to the development of key industrial projects that underpin Saudi Arabia’s Vision 2030 initiatives.
In addition to the Saudi Aramco approval, Perma-Pipe reported that its global operations have secured an additional $30 million in new project awards. These contracts span multiple regions and sectors, further expanding the Company’s growing backlog and confirming the strong market demand for its engineered pipe coating and containment systems. This combination of new contracts and expanded market access demonstrates the effectiveness of Perma-Pipe’s strategic approach to geographic diversification and product innovation.
Adham Sharkawi, Senior Vice President – MENA, highlighted the significance of the milestone, stating, “Gaining approval from Saudi Aramco has been a key objective in our Company’s strategic growth plan and represents a major step forward for our operations in the Kingdom. It allows us to directly support one of the world’s leading energy companies with innovative solutions that meet the highest industry standards, while also positioning us for further growth in Saudi Arabia. This approval is a testament to the technical expertise, quality systems, and operational excellence that Perma-Pipe brings to every project.”
Saleh Sagr, President and CEO of Perma-Pipe International Holdings, emphasized the broader implications of this achievement. “Securing Saudi Aramco approval is another demonstration of our ability to execute our business plan successfully, including geographic expansion, market diversification, and product development,” he said. “This accomplishment has contributed to our rapidly growing backlog and profitable growth, reinforcing the strength of our technical capabilities and our commitment to delivering value in the Kingdom. Coupled with the $30 million in project awards across our global operations, these outcomes reflect deliberate strategic decisions, thoughtful planning, and outstanding teamwork across all levels of the organization. Every milestone we achieve underscores our dedication to smart, forward-looking growth strategies that generate tangible results for our stakeholders.”
Perma-Pipe has a long-standing presence in the Middle East, having operated in the region for decades. The Company continues to invest in local capabilities, including workforce development, facility enhancements, and strategic partnerships, to support the Kingdom’s ambitious energy infrastructure goals. These investments are designed to ensure that Perma-Pipe can respond effectively to evolving market demands, deliver innovative solutions, and contribute meaningfully to Saudi Arabia’s Vision 2030 objectives, which aim to diversify the economy and enhance energy security.
The Saudi Aramco approval also represents a critical step for Perma-Pipe in enhancing its global competitiveness. By gaining access to one of the most prestigious and technically demanding oil and gas markets, the Company strengthens its position as a trusted provider of high-performance pipe coating systems. This development enables Perma-Pipe to broaden its portfolio of services and provide more comprehensive solutions to clients in other international markets where it operates.
Perma-Pipe’s engineered solutions are designed to protect critical pipeline infrastructure from corrosion, extend service life, and improve operational efficiency. These offerings are particularly valuable in regions like the Middle East, where harsh environmental conditions and increasing energy demands require reliable, durable, and cost-effective pipeline systems. By leveraging its technical expertise and advanced engineering capabilities, Perma-Pipe continues to differentiate itself in the global pipeline market, delivering solutions that meet the highest standards of quality and performance.
The $30 million in new project awards, secured across Perma-Pipe’s global operations, further underscores the strong demand for the Company’s solutions. These awards reflect a diverse range of projects, including energy, industrial, and municipal infrastructure initiatives. The growth in project backlog highlights the Company’s ability to capitalize on market opportunities, maintain a robust pipeline of work, and deliver consistent, profitable growth for shareholders.
