Saudi Aramco, the national oil giant, has concluded huge contracts worth more than 3.1 billion Saudi riyals with Group Five Pipe Company and East Integrated Pipe for Industry to supply steel pipes for its projects, as part of Aramco’s ambitious plans to expand its operations and infrastructure.

Aramco signed two contracts with Group Five Pipe Company with a total value of 1.48 billion riyals. To manufacture and supply spiral welded steel pipes for one of the company’s projects.

While the East Integrated Pipeline Company for Industry announced the signing of several contracts with Aramco worth more than 1.65 billion riyals. To carry out the work of manufacturing and supplying steel pipes.

Last week, Jaz Arabian Services Company signed two contracts with Aramco worth about 761 million riyals. To carry out engineering, supply and construction work in the main gas network expansion project in the company’s projects in the Kingdom.

These projects are part of Aramco's plans to enhance energy security in the Kingdom of Saudi Arabia.

Aramco is aiming to raise up to $12 billion (44.8 billion Saudi riyals) from selling an additional share of its shares in the Saudi market, in a secondary offering on Sunday, which includes 1.545 billion shares, representing about 0.64% of the company’s issued shares.