By Jason Benham
Firm's CEO and president thinks that one of the projects will happen this year.
Saudi Arabia's ACWA Holdings will bid for four district cooling projects in the kingdom worth 1.7 billion riyals ($453.3 million), an executive said on Monday.
Speaking to reporters at a Middle East Economic Digest (MEED) conference in Abu Dhabi, Rasheed Al Rasheed, chief executive and president, ACWA Holdings, said: "I think one of them will happen this year."
The firm is bidding for a project in Jeddah Corniche, a project in Knowledge Economic City in Medina, a petchem project in Jubail and a project in Mecca, he said.
Earlier on Monday, the chief executive of cooling firm Tabreed's Saudi unit said it is bidding for a 55,000 tonne project by Jebel Omar Development Co. (Reuters)For all the latest Saudi Arabia 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.