Middle East Economic Survey

VOL. LIII

No 35

30-Aug-2010

SAUDI ARABIA

SEC Approves $3.92Bn In New Power Projects

Saudi Electricity Company (SEC) has approved SR14.7bn ($3.92bn) in new projects, some self-financed and others funded through loans, as part of an expansion to help the kingdom cope with rapidly increasing demands for electricity. The state-run utility said that the targeted projects would be a mix of generation and transmission developments, including the installation of new power lines...