News
Riyadh Cables Intends to Invest 60 Million Riyals in Rehabilitating and Developing "Syrian Cables
27.02.2026
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The group intends to invest 60 million Saudi riyals (approximately $16 million) in a project to rehabilitate and develop the Syrian General Cable Company in Damascus.This step comes within the framework of enhancing economic and industrial cooperation between the Kingdom of Saudi Arabia and the Syrian Arab Republic, contributing to reconstruction projects and modernizing the energy infrastructure in Syria.
The project includes the supply of advanced production lines, upgrading existing machinery, providing necessary raw materials, as well as transferring technical expertise and training Syrian cadres on the latest manufacturing technologies for low and medium voltage cables.Reports indicated that this investment aims to increase the production capacity of the Syrian company to meet the growing demand in the Syrian local market and cover the needs of future energy and electricity projects, with the possibility of exporting to neighboring markets at a later stage, thus restoring the company's leading role in the region.
Riyadh Cables Company announced that the agreement will enable it to utilize the Syrian company's modern facilities, assets, and machinery to manufacture and sell cables that meet the needs of the Syrian market. Revenues are expected to grow gradually as the plant becomes operational and production efficiency increases. Depending on the product mix, annual revenues could reach approximately 750 million riyals when the plant reaches its maximum operating capacity.
Source
Published on
27.02.2026
Keywords
Riyadh Cables, Syrian Cables, Saudi Investment, Syria Reconstruction, Cable Industry, Syria Economy, Syrian Ministry of Industry
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