Press Release
Riyadh Cables Group Signs Agreement to Acquire a Majority Stake in Artikul Aziya Kabel in Uzbekistan
27th October, 2025
Riyadh, Saudi Arabia – October 27, 2025 – Riyadh Cables Group Company, the Middle East and Africa’s largest cable manufacturer, has signed an agreement to acquire Artikul Aziya Kabel in Uzbekistan, marking a major step in its strategic expansion into Central Asia and its vision to establish a Cable Center of Excellence in the CIS region.
The Group currently operates large-scale manufacturing facilities in Saudi Arabia, the United Arab Emirates, and Iraq, supplying power and telecommunication cables to more than 30 countries. The addition of Artikul Aziya Kabel marks the next phase of building a Central Asian production hub that complements the Group’s regional network and strengthens its export capability.This milestone reinforces Riyadh Cables Group’s commitment to supporting Uzbekistan’s energy and infrastructure modernization efforts, which are undergoing rapid transformation driven by renewable energy expansion, grid modernization, and interconnections, alongside a nationwide wave of industrial and urban development.
Uzbekistan today stands as one of Central Asia’s fastest-growing and most reform-driven economies, where the government’s industrialization agenda and open-market reforms have created an attractive environment for long-term industrial partnerships. This acquisition provides Riyadh Cables Group with a strategic entry point into an export-driven market, opening access to new trade corridors across Central Asia, Europe, and beyond.
Under the agreement, Riyadh Cables Group will acquire a majority stake of Artikul Aziya Kabel. The transaction remains subject to customary regulatory approvals and completion conditions.
Through this partnership, Riyadh Cables Group will bring its industrial expertise, lean and technologically advanced manufacturing systems, and global quality standards to Uzbekistan—enabling localized cable production, improved operational efficiency, and reduced import dependency in alignment with the country’s industrial and economic priorities.
“This agreement reinforces our commitment to building sustainable, cross-border industrial partnerships. Together with our Uzbek partners, we will contribute to the country’s grid modernization and infrastructure development while supporting long-term energy resilience and economic growth.” – Khaled Al-Gwaiz, Chairman, Riyadh Cables Group.
Following completion of the acquisition, Riyadh Cables Group plans to expand Artikul Aziya Kabel’s product range to include more technologically advanced cables across low-, medium-, and high-voltage segments, alongside investments in automation and globally benchmarked manufacturing systems. The Uzbekistan facility is set to evolve into a regional hub for advanced cable production and export, reinforcing Riyadh Cables Group’s global supply network.
About Artikul Aziya Kabel LLC Artikul Aziya Kabel is a leading cable manufacturer based in Uzbekistan, specializing in low- and medium-voltage power cables. The company supports the nation’s infrastructure and electrification drive, serving domestic and regional markets across Central Asia.
