Riyadh – Mubasher: Al Yamamah Steel Industries Company signed a SAR 174.91 million with a Branch of Hyundai Engineering and Construction Company Limited on 25 February 2025.
The Saudi company will supply steel towers to Hyundai for the project to construct a 380 kilovolts (kv) ultra-high-voltage line in the western region, according to a bourse disclosure.
Al Yamamah Steel will start supplying the project in September 2025 for one year.
Meanwhile, the project will reflect on the company’s financial results in the fourth quarter (Q4) of 2025.
In January, the company penned a SAR 97.54 million deal with the Trading and Development Partnership.
