MAN Industries has signed a memorandum of understanding with Aramco Asia to build a steel pipe manufacturing plant in South Arabia.

The Indian company MAN Industries Limited has signed a memorandum of understanding (MoU) with Aramco Asia Limited to explore the possibility of establishing a modern steel pipe manufacturing plant in Saudi Arabia, the company said in a statement on Friday, November 21.

The memorandum of understanding signed with Aramco Asia India is effective immediately and will be valid for five years, according to a statement from the company.

Partnership to assess advanced pipe manufacturing potential in Saudi Arabia

According to the agreement, both sides will explore the possibility of establishing a plant for the production of high-quality steel pipes in Saudi Arabia, either through MAN Industries directly or through its subsidiaries.

MAN Industries is one of India's largest manufacturers of submerged arc Welded (LSAW) pipes, spiral seam pipes, and coating systems, supplying major oil, gas, and water infrastructure projects worldwide.

The partnership marks a strategic step for MAN Industries as it seeks to strengthen its global presence and tap into Saudi Arabia's growing demand for premium steel pipes amid large-scale investments in energy and infrastructure.