Middle East Economic Survey

VOL. L

No 1-2

1/8-Jan-2007

SAUDI ARABIA

SEC Signed 309 Contracts Worth $4Bn In 2006 For Power Supply Expansion

Saudi Electricity Company (SEC) signed 309 contracts in 2006 worth a total of SR15.5bn ($4.1bn) to help meet the growing demand for power, according to the firms CEO Ali al-Barak, in comments reported on 27 December. Of the total number of contracts approved, 53 were for power generation (worth SR8.1bn), 184 for power transmission (SR6.9bn), and 72 for...