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Bawan Co. approved a project by subsidiary United Transformers Electric Co. to set up a factory for manufacturing high-voltage transformers. The first phase is estimated to cost SAR 80 million, with construction starting in H1 2025 and commercial production expected in Q4 2027.
“The first phase of the factory is estimated to cost SAR 80 million, the company said in a statement to Tadawul.”eyeofriyadh.com
Summarized from public sources; check the original articles before acting on it.