BAHRA Electric and Pakistan Cables Ltd signed a Memorandum of Understanding (MoU) to strengthen partnerships between the two organisations, ushering in a new era of collaboration in the industrial and energy sectors between the Kingdom of Saudi Arabia and Pakistan, according to a press release.

The MoU was signed by Kareem Idriss, Deputy Chief Executive, Bahra Electric and Fahd K Chinoy, CEO, Pakistan Cables. The value of the MoU is estimated to be up to $100m and is anticipated to contribute towards the strong economic relations between both countries. •