Trade India’s Jindal SAW to invest in Abu Dhabi facility By Pramod Kumar June 11, 2025, 7:53 AM Alamy via Reuters Jindal SAW's Abu Dhabi facility will produce 300,000 tonnes of seamless steel pipes annually $105m Abu Dhabi plant Steel pipe for oil sector Two Saudi JV investments Jindal SAW, a manufacturer of steel pipes for the energy, transportation and water sectors, will invest $118 million to expand its operations in the Middle East and North Africa (Mena). The company will establish a facility in Abu Dhabi for $105 million, with an annual production capacity of 300,000 tonnes of seamless pipe, the company said in a filing to the Bombay Stock Exchange on Tuesday. The facility, which is expected to be completed in three years, will primarily cater to the oil and gas sector in the Mena region. In Saudi Arabia, the company will invest through its wholly owned subsidiary, Jindal Saw Holdings, into two new joint ventures. The first joint venture will be formed with Buhur for Investment Company to set up a plant for manufacturing helically spiral-welded pipes. Jindal SAW will hold a 51 percent stake in this venture, with an investment commitment of up to $10 million. India is the GCC investor’s safe haven by design and default The golden question: where next for the UAE-India Cepa? UAE and India in talks to expand annual trade beyond $100bn The facility is expected to be completed in two years, the statement said. The second joint venture will be with RAX United Industrial Company for the development of a ductile iron pipe manufacturing unit. The Indian company will hold a 51 percent stake, with a capital investment of up to $3 million. The project is likely to be completed within 12 to 18 months, the statement said. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
