DOHA CABLES: Qatar’s first cable manufacturer, is now officially launched
“Aamal Company and Elsewedy Cables launch Doha Cables, Qatar’s first cable manufacturing plant”
Doha, Qatar – 26th May 2010 – DOHA CABLES LLC has become Qatar’s first cable manufacturer following the official opening of its first plant in the country in the Messaieed Industrial City. The launching ceremony was held under the Auspices of His Excellency Abdullah Bin Hamad Al Attiyah, the Deputy Prime Minister and Minister of Energy and Industry of Qatar on Tuesday, 25th May at the Sheraton Doha Resort & Convention Hotel, and was attended by more than 700 high profile guests including, His Excellency Sheikh Faisal Bin Qassim Al Thani, the Chairman of AAMAL Company, and Eng. Ahmed A. Elsewedy, the Chairman and CEO of ELSEWEDY ELECTRIC Group.
DOHA CABLES is a subsidiary of Senyar Industries, a 50:50 joint venture between AAMAL Company Q.S.C. and ELSEWEDY CABLES, the Middle East’s leading integrated cables and electrical products manufacturer. The total investment value for this project is approximately USD $100m with the factory expected to make a significant contribution to revenues and earnings of both Aamal Company and Elsewedy Cables in the current year. Initial contracts are currently in place to supply a number of new customers including Kahramaa (Qatar’s general electricity and water corporation), Ashghal (Qatar’s public works authority) Qatar Petroleum, ABB and Siemens.
The new plant is expected to make a material contribution to the future industrialisation of Qatar by helping to meet the increasing demand for cables driven by the country’s rapid infrastructure development. This plant demonstrates the commitment of both Aamal Company and Elsewedy Cables in realising the vision of H.H Sheikh Hamad bin Khalifa Al Thani, of supporting the wider development of infrastructure in Qatar
The new, state-of-the-art, 70,000 sq. m. manufacturing facility has a production capacity of 40,000 tons of copper per annum and will manufacture a wide variety of power cables, flexible cables, building wires, earthing cables, overhead conductors, optical ground wires (OPGW), fiber optic cables, alongside more specialised cables, such as heat resistant flexible cables, fire resistant, flame retardant, lead sheathed and control cables. The factory premises are equipped with some of the most technologically advanced cable manufacturing machines which will cut delivery time to the various infrastructure projects in Qatar allowing greater efficiency and cost effectiveness. DOHA CABLES is committed to maintaining the highest safety standards, whilst producing superior quality products in an environmentally sound and responsible manner.
DOHA CABLES is well placed for significant growth and is expected to become one of the most advanced cable manufacturers and a market leader in the sector.
Comments
His Excellency Sheikh Faisal Bin Qassim Al Thani, Chairman of AAMAL Company said:
“I am very pleased to announce this new phase in AAMAL Company’s joint venture with ELSEWEDY CABLES. This is another significant step in our goal to build market leading positions in high growth sectors and meet the increasingly sophisticated demands of the Qatari market. In that respect, I would like to thank the Management of Messaieed Industrial City (MIC) for all its support in the establishment of the very first cable manufacturing plant in Qatar, located in the MIC Community Area.
“In addition I would like to thank the management of ELSEWEDY ELECTRIC Group for their commitment and support in the creation of this important new venture. ELSEWEDY ELECTRIC has a fantastic track record around the world in delivering both industrial and high technology products and we are delighted that they are our partner in this venture.
“We anticipate demand for our products to be high as Qatar continues to develop at such a rapid pace and we look forward to building a high growth, sustainable business together.”
Eng. Ahmed A. Elsewedy, the Chairman and CEO of ELSEWEDY ELECTRIC Group said:
“Qatar represents a great investment opportunity for us and I am delighted that we have been able to reach such a significant milestone with this joint venture. AAMAL Company’s approach to building high growth revenue streams in key target markets to deliver high returns to its shareholders is very closely aligned to our own strategy.
“Our products remain at the very forefront of power and information cable technologies and we expect them to make a very meaningful contribution to the future industrialisation of Qatar.
“We look forward to a continuing relationship with AAMAL Company to develop what we believe will be a highly profitable joint venture together.”
Eng. Ahmed F. Elsewedy, the General Manager of ELSEWEDY CABLES QATAR and Commercial Director of DOHA CABLES said:
“The plant will be a fantastic addition to local industry producing a vast range of cables for every need from traditional installations to the most up to date and cutting edge technologies.”
“As the first cable manufacturer in Qatar, DOHA CABLES will allow local projects to benefit hugely from a much shorter timeframe between manufacturing and delivery to the project site.”
“DOHA CABLES is proud to be making such a positive impact in Qatar and aims to develop into one of the top brand names in cable manufacturing within the GCC and beyond.”
Enquiries
| Aamal Company | |
| Arwa Goussous, Corporate Communications Manager | +974 513 9539 |
| Citigate Dewe Rogerson | |
| Seb Hoyle | +974 452 8335 |
| Ged Brumby | +44 (0) 20 7282 2996 |
| Habib Bacha (for Arabic media) | +971 (0)2 401 2612 |
ABOUT AAMAL COMPANY QSC
AAMAL is one of the GCC’s fastest growing diversified conglomerates, delivering a CAGR in operating profit of 22% from 2006-2009 and generating revenues of QAR 705m (US$194m) in 2009. Focused on sustained, profitable growth and strongly diversified for balanced exposure across Qatar’s growing economy, AAMAL’s operations comprise of over 18 business units with market leading positions in the key property management and development, industrial, retail, managed services, medical equipment and pharmaceutical sectors. Listed on the Qatar Exchange, AAMAL currently ranks in the top 10 listed companies by market capitalization.
ABOUT ELSEWEDY CABLES
ELSEWEDY CABLES is the holding company for the largest sector (Wires and Cable) within ELSEWEDY ELECTRIC Group and whose total revenue represents over 80% of the whole group’s.
With roots that go back over 70 years, ELSEWEDY ELECTRIC Group operates in seven diverse energy sectors, incorporating wires & cables, electrical products, telecommunications, transformers, wind energy generation, energy measurement & management, and engineering and contracting, running 30 production facilities in 12 countries in Africa, Middle East, Asia and Europe, exporting a wide range of high quality, safe products to more than 110 countries.
