MESC Subsidiary Signs SAR 225 Million Contract to Supply Products in UAE

Middle East Specialized Cables Company (MESC) announced on Sunday that its subsidiary in the United Arab Emirates, Middle East Specialized Cables Company (MESC – Ras Al Khaimah) LLC, has finalized a significant contract. The contract was signed with a joint venture comprising the National Petroleum Construction Company and Saipem S.P.A. in the UAE, awarding MESC the supply of various products valued at USD 60,000,000, approximately SAR 225,000,000.

The agreement includes detailed terms and conditions governing the supply process and quantities. The expected duration of supply under this contract is eighteen months, starting from the contract signing date. Importantly, this contract is non-exclusive, allowing the joint venture company to engage other suppliers for the same contract value.

According to the company, the expected duration of the contract is eighteen months, and the duration depends on the schedule of supplies received from the joint project company.