Two S. Korean firms secure deals to supply cables in Kuwait's new city

Lim Chang-won Reporter() | Posted : June 18, 2019, 09:54 | Updated : June 18, 2019, 09:54

[Gettyimages Bank]


SEOUL -- Two South Korean cable manufacturers have secured deals from Kuwait's Public Authority for Housing Welfare to supply ground cables for a new city under construction in the Middle East country.

LS Cable & Systems said Tuesday that it has secured a deal worth 112.5 billion won ($94.8 million) from to build a power grid in Al Mutlaa. The company expects additional orders as Kuwait plans to sink some 30 trillion won into the development of infrastructure by 2035.

In a regulatory filing, Taihan Electric Wire said it has won a deal worth 90.9 billion won ($76.6 million) for the supply, extension and maintenance of ground cables in Al Mutlaa.
 
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