# Taihan Cable & Solution and Al Ojaimi form JV for cable plant in Riyadh

Taihan Cable & Solution signed a joint venture agreement with Mohammed Al-Ojaimi Group to establish Saudi Taihan Cable & Solution, investing a total of US$80 million (Taihan 51%) to build an ultra-high voltage cable factory in Riyadh, Saudi Arabia. Factory completion is targeted for 2023.

- Type: Partnership
- Announced: 2022-06-17
- Where: Riyadh, Saudi Arabia, Saudi Arabia
- Value: $80.0M
- Status: announced
- Products: ultra-high voltage 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

- [saudigulfprojects.com](https://www.saudigulfprojects.com/2022/06/taihan-cable-solution-to-establish-joint-venture-with-al-ojaimi-saudi-arabia/), 2022-06-17: "The two sides signed a joint venture establishment contract at the second building of Hoban Park in Seoul on June 15."

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