Industrial Means Company , a leading manufacturing company in Saudi Arabia, announced the signing of a strategic contract to supply high-density polyethylene (HDPE) pipes to Water and Power Projects Contracting Company (WPPCO). The total value of the contract is SAR 15.56 million, and it extends over 18 months from the date of signing.
This ambitious project aims to enhance water delivery networks in several vital governorates, centers, and villages within the Riyadh region, including Al-Bajadiyah, Afif, Dhurma, and Al-Majma'ah. This contract represents a significant step within the national efforts to develop infrastructure and ensure the sustainability of water resources, in line with the objectives of the Kingdom's Vision 2030.
General context and importance of the project
This project falls within the framework of the National Water Strategy, which aims to achieve comprehensive and sustainable water security throughout the Kingdom. Due to its geographical location, Saudi Arabia faces significant water challenges, prompting the government to launch massive investments in desalination projects and establish advanced transmission and distribution networks to ensure access to potable water for all population centers, including remote areas. This contract reflects the pivotal role played by the private sector, represented by companies such as Industrial Means and WPPCO, in implementing this vision and transforming it into a tangible reality.
Expected impact on both the local and economic levels
The project is expected to have a direct and positive impact on the lives of residents in the targeted areas, contributing to a stable and reliable water supply, thus improving quality of life and supporting local agricultural and development activities. Economically, the contract strengthens Industrial Means Company's position as a leading supplier of high-quality industrial products in the Saudi market and supports the growth of the contracting sector specializing in infrastructure projects.
The contract also highlights the local industry's ability to meet the requirements of major national projects, reducing reliance on imports and supporting local content. According to the company's statement published on the Saudi Stock Exchange (Tadawul), the financial impact of this contract is expected to begin appearing in its financial results starting in the second quarter of 2026 and continue until project completion, reflecting a positive outlook for the company's financial performance and sustainable growth.
