Perma-Pipe wins $27m Jeddah airport cooling deal
Firm set to work on district cooling expansion project
Perma-Pipe Saudi Arabia, a subsidiary of MFRI, has reported a contract win in excess of US $27 million to work on the first phase of the district cooling system expansion project at Saudi Arabia’s King Abdul-Aziz (KAIA) International airport in Jeddah.
The project, one of the largest in recent years in the whole of the Kingdom, includes a passenger terminal complex of over 6.7 million square feet, together with the chilled water distribution system, utility plants and utility tunnel.
“This order represents a further validation of our strategy to expand our footprint to the rapidly developing Saudi market. Delivery is expected to start in the first fiscal quarter of 2013 and be completed in the fourth quarter. We plan to produce the insulated pipe, spools and fittings at our new factory in Dammam, Saudi Arabia with important support from our United Arab Emirates factory. Our team has been working for over one year pursuing this very prestigious order. The KAIA project, coupled with work on expansion of the Holy Haram Mosque in Mecca, positions us very well for a strong 2013 in the Middle East,” said Perma-Pipe president, Fati Elgendy.
MFRI CEO, Bradley Mautner, added: “We have spent two years investing in direct in-country capacity in Saudi Arabia. The Jeddah airport is the largest single project we have received since we started our business activities in the Middle East some 7 years ago. Perma-Pipe has already successfully completed the supply of insulated piping systems to several other major airports in the UAE, Qatar and Oman. Our best in class products, engineering skills and support services have proven to be a successful formula in establishing Perma-Pipe as the market leader in the region.”