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FINANCIAL NEWS
French utility wins USD1.2b Saudi power plant deal
06 Oct 2016
(MENAFN) French utility firm Engie won a main contract from Saudi Elect Co. in order to build a 1.504 MW power plant at an estimated cost of USD1.2bn.
Moreover, the plant is part of the Fadhili gas project which will become a key component of the kingdom”s master gas system.
In addition, the increase in the supply of natural gas will enhance by more than 17bn SCFD by 2020, enabling chances in Saudi industries like steel.
The project will be developed at a total cost of more than USD13.3bn with emphasis placed on in-kingdom expenditures.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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