Perma-Pipe International Holdings has won a development project in the Gulf region worth more than $US43 million.
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.
This project will utilise Perma-Pipe’s TRACE-THERM insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.
Senior vice president for Perma-Pipe’s MENA region, Saleh Sagr, said the deal follows the successful execution of numerous development projects in the region.
“Our differentiated coating solutions have proven to be well-suited for technically challenging projects,” he said.
The company’s president and CEO, David Mansfield, said the project proves their technologies are well-positioned to meet the complex requirements in virtually all geographies.
Mansfield said the company will continue to focus on highly active oil & gas markets worldwide.
“This project continues an increase in large-scale project activity we are seeing globally and, when coupled with other recently announced projects, further strengthens our record backlog position heading into 2025,” he said.
Perma-Pipe International Holdings is a global provider of pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, and other applications.