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Siemens Wins Power Grid Deal for Saudi Business Hub - ASHARQ AL-AWSAT English Archive
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RIYADH (Reuters) – German conglomerate Siemens will develop the power grid for King Abdullah Economic City, Saudi Arabia’s ambitious business and residential hub, the project’s manager said on Sunday.

Emaar Economic City, which is spearheading the project, signed a memorandum of understanding with Siemens to develop the grid in two phases, the first of which will be completed by the end of 2008 and includes three main power stations and its network, the Saudi firm said.

The second phase will begin in September 2008 and includes four main power stations and its network and is expected to be completed in June 2010.

It gave no financial details.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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