Welspun Corp has approved the establishment of a new wholly owned steel pipe factory in Jordan. The board of directors of its UAE-based holding company sanctioned the move on September 18, 2026.

The proposed entity, named Welspun Pipe Jordan PSC, will operate as a step-down wholly owned subsidiary. It is being established under the ownership of Welspun Global Holdings Limited, based in the Dubai International Financial Centre.

Operational Scope

The new Jordanian company is mandated to manufacture, produce, process, and fabricate iron and steel products. Its core business activities include:

• Manufacturing wires, tubes, and pipes of iron and steel
• Producing line pipes and other tubular products for water, gas, and oil transportation
• Engaging in casting and processing of iron and steel
• Fabricating components resulting from casting activities for various industrial sectors

Regulatory and Financial Details

The incorporation is subject to approval from statutory authorities in Jordan. The subscription for shares in the new entity will be made through cash consideration. Specific details regarding the cost of subscription and the exact date of incorporation will be disclosed once regulatory approvals are secured and the company is formally registered.

Welspun Global Holdings Limited will hold 100% of the shareholding in the proposed company, ensuring full control over the new manufacturing unit.

Welspun Corp Limited signed a Memorandum of Understanding (MOU) on September 1, 2026, to establish a joint venture with Perma-Pipe International Holdings, Inc. for integrated pipe manufacturing and coating facilities in Jordan.

Partnership details

The collaboration aims to create a regional manufacturing hub supporting the National Water Carrier Project and broader infrastructure needs in the Levant. Welspun will contribute large-diameter steel pipe manufacturing capabilities, while Perma-Pipe provides anti-corrosion coating systems and engineered piping solutions.

The parties are currently engaged in discussions regarding technical specifications, commercial terms, financing, and regulatory approvals. Definitive agreements, including investment amounts, ownership structure, and project timelines, will be announced as the process advances.

Strategic context

The joint venture is positioned to serve major water, oil and gas, energy, and infrastructure projects in Jordan and surrounding markets. The facility is intended to support the Kingdom’s National Water Carrier Project, which involves transporting desalinated water from the Gulf of Aqaba across Jordan.

Vipul Mathur, Managing Director and Chief Executive Officer of Welspun Corp Limited, stated that the investment aligns with the company’s strategy of expanding its global manufacturing footprint in core geographies. He noted that the combination of Welspun’s manufacturing expertise and Perma-Pipe’s coating capabilities creates a differentiated offering for regional infrastructure development.

Saleh Sagr, President and Chief Executive Officer of Perma-Pipe, highlighted Jordan’s geographic position as a gateway to Levant markets. He emphasized that the partnership strengthens supply-chain resilience and provides localized manufacturing solutions for customers in the region.

H.E. Eng. Raed Abu Soud, Minister of Water and Irrigation of the Hashemite Kingdom of Jordan, welcomed the investment as a step toward strengthening national manufacturing capabilities and water security.