Perma-Pipe awarded $43 million contract for Middle East development project

Perma-Pipe International Holdings, Inc. announced it has received a formal letter of award for a development project located in the GCC region. Perma-Pipe will provide thermal insulation, anti-corrosion coatings, and other services from its Abu Dhabi facility. Project commencement is expected to begin in the third quarter of 2025. The value of this project is estimated to exceed $43 million.

This project will utilize Perma-Pipe’s anti-corrosion coatings capabilities, fabrication, and the TRACE-THERM^® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.

“This award follows the successful execution of numerous development projects in the region,” said Saleh Sagr, Sr. Vice President for Perma-Pipe’s MENA region. “Our differentiated coating solutions have proven to be well-suited for technically challenging projects. We would like to thank our customers for this significant award.”

“This award provides evidence that our technologies are well-positioned to meet the complex requirements in virtually all geographies as we continue our focus on highly active oil & gas markets worldwide,” added David Mansfield, President and CEO of Perma-Pipe. “This project continues an increase in large-scale project activity we are seeing globally and, when coupled with other recently announced project awards, further strengthens our record backlog position heading into 2025.”