Joint Venture17 Feb 2026, 03:25 pm
Bajel Projects Expands International Footprint with Saudi Arabia Joint Venture
AI Summary
Bajel Projects Limited, a leading player in the power transmission and infrastructure sector, has signed a Joint Venture (JV) agreement with Al Sharif Contracting and Commercial Development Company (ASC), a part of Al Sharif Group Holdings and one of the leading EPC contractors & manufacturers in the Kingdom of Saudi Arabia (KSA). The partnership aims to participate in the significant infrastructure transformation currently underway in the KSA, focusing on High Voltage and Extra High Voltage (EHV) Infrastructure projects including Overhead Transmission Lines, Substation Packages, and Underground Cabling Projects.
Key Highlights
- Bajel Projects and Al Sharif Contracting and Commercial Development Company form a 50:50 Joint Venture to undertake EPC business within Saudi Arabia.
- The JV will focus on High Voltage and Extra High Voltage (EHV) Infrastructure projects, including Overhead Transmission Lines, Substation Packages, and Underground Cabling Projects.
- The partnership comes at a pivotal time as Saudi Arabia accelerates its Vision 2030 and beyond, investing heavily in grid modernization, renewable energy integration, and inter-regional connectivity.
- Bajel's technical strengths in EHV execution combined with Al Sharif Group's deep regional expertise and market presence position the JV uniquely to execute projects and be a partner for Saudi utility and infrastructure companies.
- The JV is expected to contribute significantly to the Kingdom's vision of building one of the most sustainable transmission networks to connect abundance renewable energy to the load centers.