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FINANCIAL NEWS
Doosan wins $3.4b electricity contract in Saudi Arabia
28 Sep 2010
(MENAFN) A statement issued by Saudi Electricity Co. (SEC), said that South Korea’s Doosan Heavy Industries & Construction has won a $3.4 billion contract to develop the Kingdom’s Rabigh power plant, AP reported.
The Saudi government granted SEC a $4 billion loan in order to finance the project.
The 2,500-megawatt plant is about 150 kilometers northwest of the port city of Jeddah.
The Kingdom’s demand for electricity is going to rise at least 8 percent per year and that requires tens of billions of dollars in investments for new projects.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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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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