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Officials at the signing of the contract.

ITG to set up high-voltage cable factory in KAEC

JEDDAH, August 23, 2016

International Trade Gateway Company (ITG) will set up a high-voltage cable factory in Saudi Arabia’s King Abdullah Economic City (KAEC).

The company has signed an agreement with KAEC for the purchase of a 9,000-sq-m plot located in Phase One of the Industrial Valley at KAEC.

The cable factory will be the first of its kind in the economic city, a statement said.

“We are proud that KAEC, through the Industrial Valley and other components, is establishing itself as the go-to destination for national, regional, and global investors who will enable us to move forward towards achieving the government’s strategic vision for the city,” said Fahd Al Rasheed, group CEO and managing director of KAEC.

One of the strategic advantages of the Industrial Valley is its direct link to King Abdullah Port, which greatly increases the efficiency of imports/exports and manufacturing.

“We will develop a new production facility that will expand our services and propel our strategic plans.  We have determined that KAEC’s Industrial Valley is the ideal location from which to expand our business and reach a wider group of investors due to the strategic location, ease of procedures for new investments, and high quality infrastructure,” said Khalid Makki, president of ITG.

He underlined the company’s manufacturing capabilities and the value it will add to the city, thanks to its commitment to the highest standards of quality for its production lines in cabling, conductors, conveyors, transformers, control boards, and lighting.

“The Industrial Valley offers world-class infrastructure and a wide range of tailored business solutions, supported by comprehensive facilities, including The Village, a customised accommodation solution for workers and supervisors,” said  Rayan Qutub, CEO of the Industrial Valley.

The Industrial Valley has attracted 120 national and global corporations so far, and the construction materials production sector is considered one of the six target sectors for the Industrial Valley.

ITG manufactures fireproof structural cabling in the 450-750 and 600-7,000 voltage ranges, as well as flex cables, gear and gauging instrument connection cables, and low-voltage cables, said the statement.  – TradeArabia News Service
 




Tags: KAEC | cable | ITG |

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