Middle East Economic Survey

VOL. LIV

No 43

24-Oct-2011

SAUDI ARABIA

SEC Awards $1.44Bn Power Expansion Contract To Arabian Bemco

Saudi Electricity Company (SEC) has awarded a SR5.4bn ($1.44bn) contract to Arabian Bemco Contracting Company a subsidiary of Saudi Binladin Group (SBG) to add 1.2gw of electricity generation capacity at an existing power plant in Riyadh. The companies announced on 17 October that Arabian Bemco had won the Riyadh Power Plant 10 (PP10) project to convert the plant...