Saudi cable firm wins $356m Qatari order
01 January 2009
Saudi Arabia’s Riyadh Cables has won a contract worth QR1.3 billion ($356 million) to supply high-voltage power cables to the Qatar General Electricity and Water Corporation (Kahramaa).
The contract is said to be the largest single cable order placed by Kahramaa since the establishment of the corporation seven years ago.
Kahramaa vice chairman Issa Shaheen Al Ghanim said the order would cater to Kahramaa’s increasing requirement for power cables in view of the ongoing construction activity in the power sector. The new cables, he said, would be used extensively in the new projects that the corporation has undertaken in various parts of Qatar, including Doha.
Supplies under the contract has commenced and would continue for three years.
Under the contract, the supplier will store the materials at its warehouse which will be supplied directly to the corporation’s contractors within two days of receiving the supply order.
Riyadh Cables Group chairman Hikmat Zaim said the contract was one of the largest supply orders that his firm had received.
Expressing hope that his company would be able to meet even much bigger targets on schedule, Zaim said the cable company’s installed capacity would be doubled by almost 50 per cent this year in order to meet the increasing demand for high-quality power voltage cables from within the region and outside.
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