Taihan Cable and Saudi partner to invest $80M in joint venture plant

Taihan Cable & Solution and Mohammed Al-Ojaimi Group agreed to invest $80 million in a joint venture plant in Riyadh, Saudi Arabia, to produce high voltage power cables. Taihan will own 51% of the joint venture.

“The establishment of a joint venture with a local competitive company, especially in the Middle East where we have been traditionally been strong, will serve as a strength to push ahead with projects quickly and stably.”ajupress.com

• 1 source
• ajupress.comTaihan Cable and Saudi partner agree to invest $80 million in joint venture plant in Riyadh | Aju PressLim Chang-wonJun 16, 2022

Summarized from public sources; check the original articles before acting on it.