In a significant development aimed at enhancing cross-border cooperation in the industrial and energy sectors, Bahra Electric and Pakistan Cables Limited have signed a Memorandum of Understanding (MoU). This strategic partnership is expected to usher in a new era of collaboration between the Kingdom of Saudi Arabia and Pakistan, aligning with the vision of both nations to foster stronger economic ties.
The MoU was officially signed on October 10th at a high-profile ceremony held in Islamabad. Kareem Idriss, Deputy Chief Executive of Bahra Electric, and Fahd K. Chinoy, CEO of Pakistan Cables, represented their respective organizations during the signing. The agreement marks a milestone for both companies as they aim to leverage each other’s strengths to drive innovation, efficiency, and growth in the energy and industrial sectors.
The value of the MoU is estimated to be up to $100 million, signifying the scale and ambition of the collaboration. This substantial investment reflects the commitment of both companies to enhance their market presence and contribute meaningfully to the economic relationship between Saudi Arabia and Pakistan. Given the global shift towards sustainable and efficient energy solutions, the partnership holds the potential to unlock new opportunities in the region.
Bahra Electric, a leading electrical solutions provider in the Middle East, is known for its expertise in manufacturing high-quality electrical products, including cables, switchgear, and other industrial solutions. The partnership with Pakistan Cables—a premier manufacturer of electrical cables and conductors—will not only allow knowledge sharing but also promote technology transfer between the two countries. This collaboration aims to address emerging energy challenges, improve industrial infrastructure, and create new avenues for business growth.
