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FINANCIAL NEWS
CPC unit launches $150m venture in Saudi Arabia
15 Aug 2010
(MENAFN) Saudi Gazette reported that Vision Electro Mechanical Co. (VISION), a subsidiary of Construction Products Holding Company (CPC), has formed a company with a capital of $150 million for the development, manufacture and operation of solar power plants to generate electricity.
The company started the building of a solar field at its industrial complex in Bahra, Makkah region, in cooperation with an international leading company in solar power technology.
The solar power field is designed to work under the highest temperatures to commensurate with the atmosphere of the Gulf region, and will keep track of the movement of the sun throughout the day to achieve the maximum potential use of solar energy.
The company has established King Abdullah City for Atomic and Renewal Energy, which currently is making pioneering efforts to ensure the maximum utilization of alternative energy sources, most notably the solar energy which is available in the country throughout the year.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
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