The Saudi Ministry of Energy has inaugurated Alfanar Company’s new factory dedicated to the manufacturing of high-voltage direct current (HVDC) electrical systems, marking a significant milestone in the Kingdom’s energy and industrial development journey. The inauguration ceremony was held under the supervision of the Ministry of Energy and attended by senior officials and industry leaders.
Located in Riyadh, the state-of-the-art facility represents a total investment value of approximately SAR 375 million. The factory is designed to produce advanced electrical systems that support modern power transmission infrastructure, including converter valves, advanced cooling systems, and other critical components used in HVDC projects.
The new plant is expected to play a vital role in strengthening Saudi Arabia’s energy supply chain, supporting the localization of the energy sector, and enhancing national manufacturing capabilities. It aligns with the Kingdom’s broader objectives to localize strategic industries, boost local content, and reduce reliance on imports.
By enabling local production of sophisticated electrical systems, the Alfanar factory will contribute to supply chain resilience, support major power and renewable energy projects, and reinforce Saudi Arabia’s position as a regional hub for advanced energy technologies, in line with Vision 2030 goals.
