Saudi Arabia's "Riyadh Cables Group"

The project includes
concluding a strategic partnership agreement extending for 18 years between the Syrian Ministry of Economy and Industry (represented by the Syrian Sovereign Fund) and Riyadh Cables Group.
The agreement stipulates a profit-sharing of 60% for Riyadh Cables Group and 40% for the Syrian Sovereign Fund. The project entails supplying advanced production lines, upgrading existing machinery, and providing the necessary raw materials to restart the factory at its maximum capacity

The project is not limited to financial support but extends to the localization of knowledge. Technical expertise will be transferred to train Syrian cadres on the latest manufacturing technologies for low and medium voltage cables, ensuring compliance with international standards (ISO and IEC). Economic estimates indicate that the factory will generate annual revenues of approximately 750 million Saudi Riyals once it reaches its operational capacity. This will meet the growing demand in the local market, cover the needs of future electricity projects, and open possibilities for exporting to neighboring markets later