Saudi MSC plans to build €50 mn cable-production plant in Egypt

user icon
GHADA.ISMAIL
calender icon
Dec 8, 2024
article image

Riyadh - Sharikat Mubasher: Saudi-based Al Mousa Specialized Cables (MSC) plans to implement a factory for cable production in Egypt with 50 million Euros worth of investments.

A source with knowledge who refused to reveal his identity told Asharq Business that the factory will be constructed within two stages on 40,000 square-meter space, with the first stage to start operating by mid of 2025.

This will be the company’s first factory ever in the Egyptian State, after long years of relying on exports from Saudi Arabia into the local market.

A pioneer in the field of distribution of Electrical Cables of all kinds and sizes. Al Mousa Specialized Cables was established in 1994 to cater to the Cable requirements in industrial projects across the Kingdom of Saudi Arabia.


Share

Related News

HASIF secures Snoonu’s backing through Startup Factory Initiative
News
Calendar Icon
May 12, 2026
HASIF secures Snoonu’s backing through Startup Factory Initiative
Read More
Insulet launches MENA regional headquarters in Riyadh
News
Calendar Icon
May 11, 2026
Insulet launches MENA regional headquarters in Riyadh
Read More
Falak Investment Hub signs deal with ALFIA to boost startup ecosystem
News
Calendar Icon
April 29, 2026
Falak Investment Hub signs deal with ALFIA to boost startup ecosystem
Read More
SALIC acquires 80% stake in Olam Agri in $1.88bn deal
News
Calendar Icon
April 28, 2026
SALIC acquires 80% stake in Olam Agri in $1.88bn deal
Read More
Pakistan’s COLABS inaugurates new headquarters in Riyadh
News
Calendar Icon
April 23, 2026
Pakistan’s COLABS inaugurates new headquarters in Riyadh
Read More
PIF, State Street launch new Saudi Equity ETF in global markets
News
Calendar Icon
April 22, 2026
PIF, State Street launch new Saudi Equity ETF in global markets
Read More
SVC invests in Growth Catalyst Fund to back expansion-stage firms
News
Calendar Icon
April 21, 2026
SVC invests in Growth Catalyst Fund to back expansion-stage firms
Read More
Speedinvest expands into MEA with 1st dedicated regional fund
News
Calendar Icon
April 21, 2026
Speedinvest expands into MEA with 1st dedicated regional fund
Read More
RedCloud secures $30mn deal to deploy RAID engine in Saudi Arabia
News
Calendar Icon
April 20, 2026
RedCloud secures $30mn deal to deploy RAID engine in Saudi Arabia
Read More
Homegrown Ventures launches $22.8mn Fund to support local consumer brands
News
Calendar Icon
April 16, 2026
Homegrown Ventures launches $22.8mn Fund to support local consumer brands
Read More