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Thu 1 Feb 2007 06:16 PM

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Saudi firm wins Indian contract

Specialised cables manufacturer and supplier, MESC has won a contract from Reliance Industries to supply cables for India's Jamnager project.

Specialised cables manufacturer and supplier, MESC has won a contract from Reliance Industries to supply cables for India's Jamnager project.

The deal, said to be worth US $15 million, was announced by Said Al Karram, MESC's regional manager.

The Jamnager project is the world's largest grass roots refinery and aromatics complex. MESC said the move is significant because smaller firms from the Middle East often find it difficult to enter the Indian market.

"India is a new market for us," said Al Karram. "We see this as an important contract as India is a difficult market to penetrate. Reliance's decision to look outside India was due to a bad experience it had during the first phase."

Karram said the Jamnager project will be finished in 2009. Output from the complex will only serve the Indian domestic market.

"Reliance is a major oil and gas player in India, so being associated with the company will give us huge credibility in the region and allow us to enter other markets with greater ease," added Al Karram. "In the last few weeks we have received inquiries from petrochemicals companies in India simply because of our new relationship with Reliance."

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