Saudi Electricity signs $682m deals to power Riyadh metro

Seven contracts are to build stations and lay cables for the rail system in the Saudi capital
Saudi Electricity signs $682m deals to power Riyadh metro
By Reuters
Tue 30 Sep 2014 05:02 PM

Saudi Electricity Co has signed contracts worth SR2.56 billion ($682.5 million) to supply power to the Riyadh metro, which is currently under construction, the kingdom's state news agency reported on Tuesday.

The seven contracts are to build stations and lay cables for the rail system in the Saudi capital.

The Saudi Arabian government awarded in July 2013 contracts worth $22.5 billion to three foreign-led consortia for the design and construction of the metro due to be completed in 2019.

For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.