01 November 2016

Saudi Electricity Company (SEC), in a major move, is set to invite private investors to participate in creating an additional 5,400 MW of generating capacity across the kingdom, according to a report.

These power projects are likely to be executed in phases, said a Reuters report.

Saudi Arabia’s economic reform plans, announced this year, focus on saving the government money by introducing public-private partnerships, in which private firms would provide much of the financing for projects and then operate them to earn profits, according to the report.

• RAR Wood busy with key projects
• Largest maritime yard takes shape
• Update
• Topwerk buoyed by success in the Gulf
• Saudi Aramco to spend $334bn in next 10 years
• French utility Engie wins $1.2bn Saudi power deal
• ALJ Land plans $1.9bn investment
• SEC woos private sector

Tags

Hotels & Palaces The Big 5 Special Northern Emirates Paints & Coatings Crushers & Screens Demolition Legally Bound Regional News Saudi Focus UAE Focus Events Diary of events Contractors Real Estate Interiors Tenders Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.