Middle East Economic Survey

VOL. XLVIII

No 11

14-March-2005

SAUDI ARABIA

SEC To Set Up National Transmission Company

The board of directors of the Saudi Electricity Company (SEC) has decided to establish a new subsidiary which will take over nationwide power transmission from the parent company. Explaining the companys decision, SEC Executive Director Sulaiman al-Qadi said the purpose of the new company was to speed up the building of a unified national grid connecting all regions in the kingdom....