Electrical Industries plans SAR150m transformer tanks and radiators factory
Electrical Industries Company disclosed on 26 October 2026 that its board had approved a factory for transformer tanks and radiators on 25 October. The estimated investment is SAR150 million and will be financed through internal resources and bank facilities.
The proposed factory will serve medium-, high- and extra-high-voltage transformers. Construction is expected to start in the first quarter of 2027 and finish in the first quarter of 2029. Pilot production is planned for the second quarter of 2029 for approximately three months, followed by commercial production in the third quarter. These are projected milestones, not confirmed completion dates.
The company explicitly stated that no contract had been awarded to an executing party. This is a project to monitor, not an open tender or a construction award. The next procurement signals are contractor appointment and the release of defined works or equipment packages.
Sources: Electrical Industries investor relations; company disclosure dated 26 October 2026.
Last verified: 27 October 2026. Board decision: 25 October; disclosure: 26 October. This is a dated carry-forward project, not a new contract signed on 27 October.