Abu Dhabi: Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) announced it has received a formal letter of award for a development project in the GCC region. The company will deliver thermal insulation, anti-corrosion coatings, and additional services from its Abu Dhabi facility. The project is slated to commence in the third quarter of 2025 and is valued at over $43 million.

According to BERNAMA News Agency, the project will leverage Perma-Pipe's expertise in anti-corrosion coatings, fabrication, and its TRACE-THERM® insulation system. This system involves a spray-applied polyurethane foam jacketed with a high-density polyethylene casing, underscoring the company's specialized capabilities in delivering advanced insulation solutions.