Arab Contractors has entered the oil and gas drilling equipment market by signing an exclusive commercial agency agreement with China’s Chengdu HLF Diamond Bit Co., Ltd., an oil and gas drill bit manufacturer, to market and distribute its products in Egypt.

Established in 1955, Arab Contractors has traditionally focused on construction and infrastructure development, with a portfolio spanning roads, bridges, ports, public buildings, transportation networks, and water and wastewater projects.

The agreement covers polycrystalline diamond compact (PDC) drill bits, hole enlargement tools, and core bits used to extract rock samples. HLF manufactures these products in accordance with American Petroleum Institute (API) standards and holds international ISO quality certifications, drawing on more than 25 years of industry experience.

Ahmed El Assar, Chairman and CEO of Arab Contractors, described the agreement as a strategic step to diversify the company’s activities beyond construction and expand into oil and gas services and equipment supply.

El Assar noted that Arab Contractors would leverage its experience dating back to 1955, extensive geographical presence, and technical and logistical capabilities to provide oil and gas companies operating in Egypt with high-efficiency drilling equipment aimed at reducing drilling costs.

The two companies also plan to establish a long-term partnership, including exploring future opportunities for local manufacturing to serve both the Egyptian and regional markets.