Key Factors
- Elsewedy Electrical sealed a $274.7 million cope with Kahramaa to put in 132kV cables, increasing Qatar’s transmission community by way of its native three way partnership.
- The venture shall be executed by Elsewedy Cables Qatar, with cables equipped by Doha Cables—a three way partnership of Aamal Firm and Elsewedy Electrical.
- The deal aligns with Qatar Nationwide Imaginative and prescient 2030 and additional solidifies Elsewedy Electrical’s infrastructure footprint throughout MENA beneath Ahmed El-Sewedy’s management.
Elsewedy Electrical, a number one cable and electrical tools producer managed by Egypt’s El-Sewedy household, has formally signed a QAR1 billion ($274.7 million) contract with Qatar Normal Electrical energy & Water Company (Kahramaa) by way of its Qatari subsidiary, Elsewedy Cables Qatar.
This transfer marks a serious step ahead within the growth of Qatar’s energy transmission community and additional strengthens Elsewedy Electrical’s footprint within the Gulf area.
Aamal Firm and Senyar Industries: Strategic Qatari deal
Under the contract, Elsewedy Cables Qatar will obtain provide and venture orders to deal with the set up of 132-kilovolt (kV) energy cables as a part of Kahramaa’s grid enhancement venture. The cables shall be produced domestically by Doha Cables, a three way partnership between Aamal Firm and Elsewedy Electrical.
The contract was signed beneath the framework of Senyar Industries Qatar Holding W.L.L., collectively owned by Aamal and Elsewedy Electrical, every with a 50 p.c stake. The signing ceremony was attended by senior executives from each corporations, together with Ahmed Fathy El-Sewedy, Deputy CEO of Senyar Industries, and H.E. Sheikh Faisal Bin Qassim Al Thani, Chairman of Aamal Firm.
On behalf of Aamal, the contract was signed by H.E. Sheikh Faisal Bin Qassim Al Thani, with firm executives, together with H.E. Sheikh Mohammed Bin Faisal Al Thani and Ahmed Fathy El-Sewedy (Deputy CEO of Senyar Industries) in attendance.
Elsewedy Electrical: Powering MENA, aligning with Qatar’s imaginative and prescient
Based in 1938, Elsewedy Electric has developed from an area cable producer right into a diversified power and infrastructure conglomerate throughout the Center East and North Africa.
Below the management of Ahmed El-Sewedy, the corporate has expanded to fifteen nations and holds property price over $3.6 billion. Elsewedy Cables Qatar, a 73.4-percent subsidiary of Senyar Industries Qatar Holding W.L.L., is majority-owned by Elsewedy Electrical (50 p.c stake).
This contract with Kahramaa follows one other important EPC win for Elsewedy Cables Qatar. The corporate secured a contract from Technip Energies for a crucial venture linked to Qatar’s North Area South (NFS) Onshore Undertaking. The newest contract reinforces Elsewedy Electrical’s function in advancing crucial infrastructure in step with Qatar Nationwide Imaginative and prescient 2030.
