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.
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.
Taihan Cable and Solution signed an MoU to establish a joint venture with Mohammed Al-Ojaimi Group to build an ultra-high voltage cable plant in a high-tech industrial complex in Riyadh, Saudi Arabia. It will be the company's first overseas ultra-high voltage cable plant.
Taihan Cable & Solution will establish a joint venture with Saudi Arabia's Mohammed Al-Ojaimi Group to produce 380 kV ultra high voltage cables in Saudi Arabia. An MoU was signed on March 9, 2022.
Taihan Cable and Solution will establish a joint venture with Mohammed Al-Ojaimi Group to build an ultra-high voltage cable plant in Riyadh, Saudi Arabia. The MOU was signed in March 2022.
Saudi Electricity Company awarded Mohammed Al Ojaimi a SAR 302 million ($80.5 million) contract for the installation of 380kV underground cables associated with Substation 9097 BSP in Riyadh, Saudi Arabia. The contract was awarded on July 14, 2021.