Doha
Cables Wins Two-year KAHRAMAA Contract worth QR1.24 Billion
February 19, 2018
Aamal Company announced that Doha Cables – a fully-owned subsidiary
of Senyar Industries Qatar Holding in which Aamal is a 50%
shareholder – was awarded a two-year contract by Qatar General
Electricity & Water Corporation (“KAHRAMAA”) to supply LV, 11 KV
and pilot power cables.
The contract is for a call-off agreement under which Doha Cables
will provide materials to KAHRAMAA within two days of an order
being placed. The contract tender process commenced in
August 2017 and Doha Cables was informed last month that its bid
had been successful. Winning this contract is expected to
positively impact Doha Cables’ revenues for the first quarter of
2018, during which period the first order has been placed.
H.E. Sheikh Faisal Bin Qassim Al Thani, Chairman of Aamal
Company Q.P.S.C., commented: “We are very pleased that Doha
Cables has been awarded such a major contract. Doha Cables is
proud to be Qatar’s first cable manufacturing facility and
supplying cables to as prestigious an organization as KAHRAMAA
signifies another significant milestone in its development, as
well as in the continued growth of Senyar Industries Qatar
Holding. The industrial sector is a key focus for Aamal
and winning mandates such as this will be of benefit to all our
stakeholders.”
H.E. Sheikh Mohamed Bin Faisal Al Thani, Deputy Chairman and
Managing Director of Aamal, commented: “We are delighted that
KAHRAMAA has selected Doha Cables and will work hard to ensure
that it is a combination that benefits the local market and
economy. This is a contract which is very much in line
with Aamal’s overall strategy and is further evidence of our
market-leading position in the industrial manufacturing sector.”
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