Investment News

Riyadh Cables wants to invest

Oct 16, 2019

Riyadh Cables Group Company (RCGC) plans to invest in Bangladesh’s power sector to produce overhead cables. World’s fourth largest cable producer, RCGC expressed its interest in a meeting with BIDA Executive Chairman Md. Sirazul Islam at his office on Oct 16, 2019.

In March, the RCGC arrived in Dhaka as part of Saudi Arabia’s first high-powered delegation to Bangladesh and joined a dialogue hosted by BIDA. RCGC’s MoU with Bangladesh Steel & Engineering Corporation (BSEC) to produce high-voltage cables in Chattogram was among the two deals and four MoUs signed during the landmark visit.