Al-Rabiah opens power transformer factory
Dammam factory is the first of its kind in Saudi Arabia
Commerce and Industry Minister Tawfiq Al-Rabiah has inaugurated a number of plants, factories and training institutes recently. These include the Saudi Power Transformer Company’s $31mn factory at Dammam’s 2nd Industrial City.
The Dammam factory is the first of its kind in Saudi Arabia, and has a capacity of 5,000MVA. The factory will roll out its first fully manufactured transformer in another two months. The joint venture has already received a five-year framework contract for sub-station services.
The minister said the Saudi government was providing full support to the industrial sector through various incentives. “This is the reason why we have attracted some of the world’s leading industrial companies in recent years,” he said.
“All of them are setting up factories here and investing here; all this is a result of the solid support from Custodian of the Two Holy Mosques King Abdullah and his government.”
SPTC is a joint venture between Indian multinational company Crompton Greaves (CG) and Saudi Transformer Company (STC) since 2010. The collaboration is dedicated to design, engineering and manufacture of power transformers and mobile sub-stations and offers full service capabilities for products installed in Saudi Arabia.
The company’s flagship power transformer factory, was inaugurated in the presence of leading Saudi businessmen, diplomats from Belgium and Indian businessman Gautam Thapar. Al-Rabiah said the Kingdom has the most conducive investment climate in the region.
