Business Meetings in Saudi Arabia

On 28-30 July 2019, CEO at Zavod Izolyator Alexander Slavinsky and Head of Marketing at Izolyator Company Yaroslav Sedov had several business meetings in Saudi Arabia.

Several talks were held at the Ministry of Energy, Industry and Mineral Resources KSA as well as head offices of

• Saudi Arabian General Investment Authority,
• Saudi Electricity Company,
• United Transformers Electric Company,
• Alfanar,
• Saudi Power Transformers Company.

Ministry of Energy, Industry and Mineral Resources KSA

The Ministry of Energy, Industry and Mineral Resources is one of the governmental bodies of Saudi Arabia and part of the cabinet.
The ministry has the function of developing and implementing policies concerning petroleum and related products.
The ministry is primarily responsible for the policies concerning oil, gas and natural minerals in the country which is the world's largest holder of crude oil reserves.

The Ministry is prepared to render any support and assistance in promotion of the incentives, formulated by the Saudi Vision 2030 — namely, localization of production of high-tech equipment.

The Saudi Vision 2030’s objectives see the intensification of the economic and investment activities, increase of the international trade of goods and services.

Saudi Arabain General Investment Authority

Saudi Arabian General Investment Authority (SAGIA) is an organization to effect control over investment activities in Saudi Arabia, including foreign investment.
SAGIA as a regulatory authority and licensor attracts direct finance and technology investments, promoting interests of foreign companies and providing comfortable conditions for doing business in the country.

The meeting was preceded by a reconnaissance visit of SAGIA’s representative in 2018, who shared a high opinion of the technological infrastructure and potential of Izolyator for doing a good business in Saudi Arabia.

At the meeting, the parties discussed issues of making investments in the power industry, electrical engineering and innovative technologies of Saudi Arabia in the framework of the national program Saudi Vision 2030 and in view of the developing rapprochement process between Russia and Saudi Arabia.

Later on, the sides outlined a plan of the upcoming joint visits to the Saudi Electricity Company and transformer plants.

Saudi Arabian General Investment Authority representative and Alexander Slavinsky by the World Culture Center n.a.King Abdul-Aziz in Dhahran, Saudi Arabi

Saudi Electricity Company

 Saudi Electricity Company (‎SEC) is a Saudi joint stock company specialized in the generation, transmission and distribution of electricity in the Kingdom of Saudi Arabia. Electric power generation is the main activity of the company. It is the main producer of electricity, and the sole owner of the transmission and distribution network across the Kingdom. It serves all consumer categories, and is headquartered in the capital, Riyadh.

During the talks, the SEC representatives showed a strong interest in transformers, equipped with Izolyator high-voltage bushings.

Then the delegation proceded to visiting transformer plants, accompanied by SAGIA and SEC representatives.

Participants of the business meeting in Saudi Electricity Company

United Transformers Electric Company

United Transformers Electric Company (Utec), a subsidiary of Bawan, was founded in 2001 as a limited liability company.
Over the past few years, Utec has built a strong presence in the local, regional and international markets as a leading company in the field of manufacturing distribution transformers.
The company is a joint venture between "Bawan" and "Wilson Transformers", a leading manufacturer of power and distribution transformers in Australia since 1933.

Participants of the talks at the United Transformers Electric Company’s transformer plant in Saudi Arabia

Alfanar

Alfanar is primarily engaged in manufacturing a wide range of Low, Medium and High Voltage electrical construction products, EPC solutions for conventional and renewable power plants, allied engineering services and design engineering.

Participants of the business meeting at the Alfanar transformer plant in Saudi Arabia

Saudi Power Transformer Company

The Saudi Power transformers Company Ltd. (SPTC) is the leading power transformer manufacturing company in Saudi Arabia and the GCC. It was established in 2010 as a Joint venture between Saudi Transformers Co. Ltd. (51 %) and CG Power Systems-Belgium (49 %).
The factory is under the licensing agreement from CG Power Systems-Belgium to use Pauwels technology. More than 600 Pauwels’ Power Transformers are currently in use throughout Saudi Arabia up to 500 MVA.

Participants of the talks at the transformer plant of Saudi Power Transformers Company in Saudi Arabia

Participants of the tour of the transformer plant of Saudi Power Transformers Company in Saudi Arabia

At all the three transformer plants, the visitors had an introduction to the manufacturing facilities and talks about prospects of a long-term and mutually beneficial cooperation.

There was a special discussion of a possibility to localize high-voltage bushings production on the territory of Saudi Arabia in partnership with a transformer plant. All the plants showed interest to such a form of cooperation.

At the end of the talks, the representatives of the transformer plants confirmed their intention to explore opportunities of cooperation with Izolyator.

We appreciate SAGIA for the organization and participation in all the business meetings!