Saudi Arabian steel manufacturer BAZ Steel has signed a memorandum of understanding with local pipe manufacturer SAAL Industrial Technology Co., a subsidiary of China's Baotou City Joyun Co., to support the localization of steel pipe production in Saudi Arabia.
Baz Steel said the agreement is in line with Saudi Arabia's Vision 2030 strategy, which aims to strengthen international partnerships and develop the Kingdom's industry. sector.
Roles and scope of partnership
Under the agreement, BAZ Steel will act as the local industrial partner and operator, contributing its domestic market expertise and production capabilities. SAAL Industrial Technology, as a technology supplier, will share its experience in the field of steel pipe technology, especially seamless and spiral pipes. The partnership aims to localize the production of pipes used in critical sectors such as water and gas, which were previously supplied through imports.
An integrated industrial ecosystem will be developed
According to BAZ Steel, the collaboration will create an integrated industrial ecosystem in Saudi Arabia, combining global technological expertise with local industrial capabilities.
The company emphasized that the initiative is expected to:
- Improving the efficiency of domestic production
- Supporting the development of local content
- Reducing dependence on imported steel pipe products
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