Our History

In 2021, in line with Saudi Vision 2030, ArcelorMittal Tubular Products Al-Jubail, supported by major shareholders the Public Investment Fund (PIF) and ArcelorMittal, completed the acquisition of Jubail Energy Services Company (JESCO). Following a capital increase related to the acquisition, PIF have the majority ownership of ArcelorMittal Tubular Products Al-Jubail.

Since its establishment in 2013, the mill has continuously increased its market share and product range, meeting increasingly demanding environmental and customer requirements. Several milestones were achieved, including Saudi Aramco and ADNOC qualifications, opening of a Dubai office for premium connections sales, and receiving quality awards from Aramco.

ArcelorMittal Tubular Products Al-Jubail, strategically located in the industrial area of Al-Jubail within the heart of the kingdom of Saudi Arabia, was the first green field project. It serves the rapidly growing energy market in the MENA region and beyond.

In line with the strategic objective of securing tubular supply in the Kingdom of Saudi Arabia and beyond, and driven by the ambitious Saudi 2030 Vision plan, PIF and ArcelorMittal collaborated to establish ArcelorMittal Tubular Products Jubail aiming to expand into the global export market.

ArcelorMittal, originally established in 1976 by Mr. Lakshmi N Mittal, CEO and chairman of the board of directors, is now the successor to Mittal Steel. The merger of Arcelor and Mittal Steel in 2006 resulted in the creation of ArcelorMittal.

Founded in 1971 under Royal Decree No. (M/24), the Public Investment Fund (PIF) has played a significant role in establishing major local companies and has transformed into one of the world's largest sovereign wealth funds.