Egypt's El Sewedy Electric, the Arab world's biggest listed cable maker, said on Monday its Qatari unit had won a cable supply contract worth $440 million, helping boost its presence in the Gulf nation.

"This is an important event for Sewedy Electric because it upholds the firm's presence in the Gulf," the firm said in a statement.

"We believe Qatar represents an important market for us, particularly after the government announced its enormous investment plan for infrastructure." -Reuters