Siemens wins SR 553 million Saudi contract
Company to oversee electrical transmission and distribution for the first phase of King Abdullah Economic City
Emaar the Economic City (Emaar.E.C) has awarded a SR 553 million contract to Siemens to manage the electrical transmission and distribution for the first phase of the King Abdullah Economic City (KAEC) in Saudi Arabia.
“Offering the highest infrastructure support is part of our developmental strategy, and Siemens, with its established track record, has the competencies to lay out a world-class transmission and distribution grid to serve the first phase of KAEC,” said Fahd Al-Rasheed, board member and CEO of Emaar.E.C, Saudi daily Arab News reported.
Emaar.E.C, a consortium led by Emaar Properties and a number of high profile Saudi investors, is developing the KAEC close to the Red Sea coast. The City aims to be the destination of choice for those looking to invest, work and live in the Kingdom.
The first phase of KAEC covers the industrial zone, sea port and residential communities and work is already underway.
Siemens will be responsible for laying out electrical substations and transmission infrastructure to ensure stable power connectivity.
“KAEC is one of the largest development projects in the region. Through the contract for T&D work, we are being part of a truly global undertaking. Our aim is to assist the country as it continues to move toward a leading role in the international arena,” said Christian Selch, CEO of Siemens Saudi Arabia.