Jindal SAW Advances Middle East Expansion with $118 Million Investment in UAE and Saudi Arabia

Jindal SAW’s $118 Million Investment Accelerates Middle East Plant Expansion

Jindal SAW has approved a strategic investment of $118 million to expand its manufacturing footprint in the Middle East. The Indian pipe manufacturer plans to build new plants in the UAE and Saudi Arabia, aiming to serve the oil and gas sector in the region. The centerpiece is a 300,000 tons per year seamless pipe plant in Abu Dhabi, developed through a wholly owned subsidiary. The UAE project alone accounts for $105 million and is expected to take three years to complete.

Meanwhile, Jindal SAW will establish two joint ventures in Saudi Arabia via its subsidiary Jindal Saw Holdings FZE. The first joint venture with Buhur for Investment Company LLC will build a spiral-welded (HSAW) pipe production facility. Jindal SAW will hold a 51% stake with an investment of $10 million and a two-year timeline. The second joint venture with RAX United Industrial Company focuses on producing high-strength cast iron pipes. Jindal SAW will invest $3 million and expects completion within 12 to 18 months.

Strengthening Jindal SAW’s Presence in the Middle East Pipe Market

Jindal SAW’s focus on new plant construction reinforces its growing role as a leading pipe supplier across the Middle East and North Africa (MENA) region. The company already operates facilities in India, Europe, the USA, and the UAE. These investments highlight Jindal SAW’s commitment to expanding its seamless pipe capacity and diversifying product offerings, including spiral-welded and cast iron pipes.

This expansion aligns with regional industrial growth, especially in oil and gas infrastructure. Additionally, the recent AED 117 billion ($31.85 billion) investment agreement between UAE and Oman for renewable energy and green metal projects complements the long-term market outlook. As demand rises for specialized pipes in energy sectors, Jindal SAW positions itself for substantial growth.

SuperMetalPrice Commentary:

Jindal SAW’s $118 million investment illustrates the company’s strategic vision to capture growing demand in the Middle East pipe market. By targeting seamless, spiral-welded, and cast iron pipe segments, Jindal SAW diversifies its product base and strengthens its regional footprint. The company’s timing is also crucial as the Middle East accelerates infrastructure development with a focus on energy transition. These investments signal robust industrial confidence and highlight the evolving dynamics in global steel and pipe manufacturing.