Middle East Economic Survey

VOL. LI

No 25

23-June-2008

SAUDI ARABIA

Saudi Electricity Company Signs Contracts For $616Mn

The Saudi Electricity Company (SEC) has signed five contracts worth SR2.311mn ($616mn) to build or upgrade power stations in the kingdom, SECs Executive Director 'Ali al-Barrak announced last week. The first contract for SR716mn ($191mn) to build a transformation station at al-Qasim went to Siemens; the second for SR645mn ($172mn) to build a transformation station east of the...