El Sewedy Electric, the Arab world’s biggest listed cable maker, said that its Qatari unit had won a cable supply contract worth USD 440 million, helping to boost its presence in the Gulf nation. “This is a significant event for El Sewedy Electric as it further solidifies the company’s presence in the Gulf,” the firm said in a statement.
Its Doha Cables unit was selected from a total of 12 other bidders for a tender to supply 42,000 tonnes of copper cables to the Qatari General Electricity and Water Corporation for a two year period. ElSewedy has production plants in Egypt and 10 other countries.