# 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.

- Type: Investment
- Announced: 2022-06-16
- Where: Riyadh, Saudi Arabia
- Value: $80.0M
- Starts operating: 2023
- Status: announced
- Products: high voltage power cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Taihan Cable & Solution](https://endata.com/companies/40042.md)
- [Mohammed Al Ojaimi](https://endata.com/companies/56459.md) (partner)

## Sources

- [ajupress.com](https://www.ajupress.com/view/20220616113121430), 2022-06-16: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.