A subsidiary of Al Babtain signs USD28 million contract to supply steel towers for electrical interconnection line project between Saudi Arabia and Egypt

Al-Babtain Power and Telecommunication Co. announced on Wednesday its subsidiaries company in Egypt “Al Babtain power and Telecommunication Company – Egypt “signed a contract with Giza Cable Industries Company to supply Galvanized steel towers 500 kV. for an electrical interconnection project between Egypt and the Kingdom of Saudi Arabia by total amount USD 28 million. The contract duration is 12 Months.
It added that the positive financial impact of this order is expected to appear in third Quarter of the year 2023