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FINANCIAL NEWS
Siemens Signs energy deal with Abu Dhabi
14 Jul 2013
(MENAFN) Germany-based Siemens signed on Wednesday a new substation establishment contract of USD109 million in Abu Dhabi, reported Arabian Business.
The Shamkha 400/132/33kV substation is aimed at providing new infrastructure and industrial areas with the growing electricity demand in the region.
It’s worth mentioning that it’s the second agreement of its kind for Siemens in UAE, in which the company has achieved around 5 billion profit last year.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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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