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- Nesma secures $224m Saudi substation contract
02/12/2025 02:38 AST
Nesma Infrastructure & Technology has announced that it has secured a SAR840 million ($224 million) contract from Saudi Electricity Company (SEC) for the construction of a 230/115/34.5kV substation at Jubail in the kingdom's eastern region.
As per the deal, Nesma will construct Jubail Southeast 230/115/34.5 kV substation, including OHTL along with associated replacement works. The entire project will be completed within a 20-month tenure.
This is Nesma's second such win from SEC in November when it was awarded a $40 million contract for a 380kV OHTL project.
This year, Nesma had snapped up similar orders from SEC worth $752 million.
Trade Arabia
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02/12/2025
Johannesburg: Invest Oman, representing the Ministry of Commerce, Industry and Investment Promotion, is organizing an official mission to the Republic of South Africa from 2-5 December to host the "A
Times of Oman
02/12/2025
As part of the National Day celebrations, several industrial cities, free zones and economic zones across Oman are witnessing the launch of six major industrial projects with total investments of RO9
Muscat Daily
02/12/2025
Bahrain is accelerating plans for its ambitious domestic Metro Network while actively pursuing the integration of key regional GCC Rail links, reported the Gulf Daily News, our sister publication, ci
Trade Arabia
02/12/2025
Saudi Arabia has achieved third place globally in the development of artificial intelligence models and in the growth rate of AI-related jobs.
According to Stanford University's Institute fo
Arab News
02/12/2025
Saudi Arabia's central bank assets climbed 6.6 percent year on year to SR1.91 trillion ($508.9 billion) in October, driven by higher deposits abroad and stronger foreign currency and gold holdings. <
Arab News
Financial Information Co.
Saudi Arabia