Doha cables scoops $494m state contract
Firm will supply 42,000 tonnes of copper cabling to expansion project
Doha Cables, the Qatar-based subsidiary of Senyar Industries, has been awarded a $494m contract to provide the state with low and medium-voltage power cables, equal to about 42,000 tonnes of copper.
Signed by Qatar’s Minister of Industry and Energy, the contract is over an initial two-year period, and forms part of KAHRAMAA’s existing programme to expand the nation’s infrastructure, helping it to meet power demand expected to double by 2013.
Doha Cables is a 50:50 joint venture between Aamal and Elsewedy Electric Egypt, and last year openend a state-of-the-art manufacturing facility, which has an annual production capacity of 40,000 tonnes of copper.
Faisal bin Qassim Al-Thani, chairman of Aamal, said: “This is a very significant contract win for us, and I am delighted that Kahramaa has decided to select Doha Cables from a shortlist of four, recognising the quality of our business and products. The award of this contract is another significant step in our goal to build market leading positions in high growth sectors while supporting the diversification and industrialisation of the wider Qatari economy."