Omani-Saudi partnership agreement signed to set up power transformer plant near Jeddah

Omani-Saudi partnership agreement signed to set up power transformer plant near Jeddah

The two-phase plant, which will be set up in the Saudi western province near the city of Jeddah, has attracted investments worth RO 9.5 million in its first phase.

The post Omani-Saudi partnership agreement signed to set up power transformer plant near Jeddah appeared first on The Arabian Stories News.MUSCAT : Acting in cooperation with the Embassy of the Sultanate of Oman in Riyadh, Omani firm Voltamp Energy today signed a strategic partnership agreement with Saudi firm Al Sharif Holding Group to establish a factory called “Saudi Voltamp” for the production of high-voltage power transformers.

The two-phase plant, which will be set up in the Saudi western province near the city of Jeddah, has attracted investments worth RO 9.5 million in its first phase.

The first phase of the project will occupy and area of 27,000 square metres (sqm). It is set to produce high-voltage power transformers of up to 132 kilovolts and it is expected to be completed by the end of 2025.

The second phase will expand the compound to 45,000 sqm to enhance the unit’s capacity for the production of high-level voltage transformers of up to 380 kilovolts by 2027.

The signing ceremony was attended by HH Sayyid Faisal bin Turki Al