14 Apr 2013
(MENAFN) The Saudi Electricity Company (SEC) is set to invest USD80 billion over the coming decade to boost capacity by 76 percent to 95,000MW, reported Arabian Business citing Arab News.
The aim of the spending is to meet the country’s growing electricity demand.
According to the local daily, in 2013, SEC is projected to add 4000MW to the Kingdom’s network, and to add an extra 8000MW by 2014.
By 2032, Saudi Arabia plans to invest USD108.98 billion to produce 41 gigawatts of solar energy, which is becoming increasingly common in the Middle East since countries are trying to tackle growing populations and environmental concerns.
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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