Aamal JV secures $267m Qatar EPC power deal
01 August 2024
Aamal Company, one of the region’s leading diversified companies, has announced that its joint venture unit – Elsewedy Cables Qatar – has secured an engineering, procurement, construction (EPC) services contract worth more than QR1 billion ($267 million) from Qatar General Electricity & Water Corporation (Kahramaa) for its key power projects.
Elsewedy Cables Qatar is a subsidiary of Senyar Industries Qatar Holding, one of the country’s leading industrial groups, in which Aamal is a 50 per cent shareholder.
Under this three-year contract, Elsewedy Cables Qatar will be providing EPC services, including the supply and installation of 132kV power cables for strategic projects, said the company.
Sheikh Mohamed bin Faisal Al Thani, Vice Chairman and Managing Director, said: “We are delighted to be awarded such a significant contract by Kahramaa, which demonstrates our strong capabilities to deliver high-quality products that support the growth and development of Qatar.”
Aamal’s operations are widely diversified and comprise 32 active business units (subsidiaries and joint ventures) with market leading positions in the key industrial, retail, property and managed services.
Aamal CEO Rashid bin Ali Al Mansouri said this contract win emphasises Elsewedy Cables’ position as a leading supplier, capable of meeting the demands of large-scale local projects.”
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