Business news from Ukraine

Business news from Ukraine

Ukrainian Interpipe plans to strengthen its presence in Gulf countries, especially in Saudi Arabia

16 November , 2024  

The Ukrainian industrial company Interpipe intends to strengthen and expand its presence in the Gulf countries, especially in Saudi Arabia, and has gathered more than 170 regular and potential customers in Dammam.
According to the company, Interpipe is constantly developing trusting relationships with existing and potential partners and customers, and on November 13, with the support of its regular partner Al-Sayed Center, it held another event for customers in Saudi Arabia. The conference brought together 216 participants from 177 local companies.
It is noted that the conference in Dammam was attended by Ambassador Extraordinary and Plenipotentiary of Ukraine to the Kingdom of Saudi Arabia Anatoliy Petrenko, who spoke about Ukraine. Given the ongoing war in our country, government support helps to assure customers of production stability.
As stated in the information, Saudi Arabia is an important and promising market for Interpipe to increase the company’s share in the pipe segment for the construction industry. The company has been operating in the KSA since 2011 as an approved supplier of pipes for fire extinguishing, cooling and water supply systems in addition to truck wheels under the KLW brand. Some of the well-known projects Interpipe has been involved in over the years include the construction of the King Abdullah Financial District, King Fahd Medical Center and Suleiman Al Habib Hospital in Riyadh, King Abdulaziz International Airport near Jeddah, and the Riyadh Metro.
“We are open to further developing our economic ties in the region. The main goal of the conference in Saudi Arabia was to familiarize potential local customers with our product portfolio, as well as to find new opportunities to expand cooperation with Interpipe’s regular customers. In addition to pipe sizes and steel grades, the participants were interested in investments in production and logistics,” explained Artem Artemov, Director of Pipe Sales in the Middle East.
“Interpipe is a Ukrainian industrial company that manufactures steel pipes and railway products. Its products are supplied to more than 50 countries through a network of sales offices located in key markets in the Middle East, North America and Europe. In 2023, Interpipe sold 387 thousand tons of pipe products and 95 thousand tons of railway products. Rail products are sold under the KLW brand.
Interpipe employs about 9.5 thousand people. The number of employees serving in the Armed Forces of Ukraine or other law enforcement agencies is 950. In 2023, the company transferred UAH 4.4 billion to the budgets of all levels. The ultimate owner of Interpipe Ltd is Ukrainian businessman and philanthropist Victor Pinchuk and his family members.

,