Saudi Cable Co. announced that Demirer Kablo - one of its subsidiaries in Turkey – has signed a contract for the supply, installation and inspection of 380 kV power cables (extra high voltage) in the Middle East.
The project will cost SAR 97 million, and the date of commencement will be declared later. The project will be financed through a letter of credit, and the company is expected to complete the project by July 9, 2016.
The company expects this project to have a positive impact as of March 31, 2015.