MESC subsidiary receives SAR 175M project award letter

Logo of Middle East Specialized Cables Co. (MESC)

Middle East Specialized Cables Co. (MESC) said its subsidiary, Middle East Specialized Cables Co. LLC (MESC-Ras AlKhaimah UAE), received on June 4, a project award letter from Conado Middle East Pipes and Valves LLC in the UAE.

 

In a statement to Tadawul, the company said the total value of the project is estimated at USD 46.6 million (approximately SAR 175 million).

 

The project involves the supply of low-voltage cables and communication cables for the long-term development plan (LTDP-1) of the Lower Zakum field – Amirah Island Surface Facilities Package (Package II) in the UAE.

 

The company added that any material developments will be announced in due course in accordance with relevant regulations.

 

There are no related parties involved, the statement added.

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