Egypt's Sewedy wins $440m Qatar cable deal

12 April 2011

The Qatari unit of Egypt’s El Sewedy Electric has been awarded a cable supply contract worth $440m, Reuters has reported. Doha Cables was the winning bidder in a tender to supply 42,000 tonnes of copper cables to the Qatari General Electricity and Water Corp for a two year period. The Arab world’s biggest listed cable maker said on Wednesday its fourth-quarter net profit rose 16% to EGP97.5m ($16m) on revenue of EGP3.69bn.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications