Oman Cables announced that earlier this year, it signed a deal with the Nama Group to supply its group members across the Sultanate of Oman.
A press release said that Oman Cables, which has long been a supporter of the Nama Group, will supply electrical utilities a mix of 11-33 Kv electrical cables. The deal was one of three signed by the Group at the 2018 Energy and Water Conference that were said to have a collective value of approximately $106 million.
The contracts run for a period of three years, with the opportunity for a further two-year renewal. "For Oman Cables this represents an ongoing commitment to the local market in Oman and signifies clearly the competitiveness on a global scale of locally based industries."
Nama Group Chairman Hassan bin Mohammed al Lawatiaid said that the deal includes nine group companies that can purchase cables to meet their needs.