Construction Industry News

KSA - Egypt Power Grid costing US$ 1.5 billion to kick of in 2015

KSA - Egypt Power Grid costing US$ 1.5 billion to kick of in 2015

18th December 2014

The Saudi-Egyptian Electricity Grid project will start next year at a cost of at least US$ 1.5 billion, according to officials, said news reports in AMEinfo. Fourteen Arab states will join the power linkage system between Saudi Arabia and Egypt, says Saleh al-Awaji, an undersecretary in the kingdom’s Ministry of Water and Electricity. The project will be awarded mid-2015, and take three years to complete,” AFP quotes Awaji as saying. The project will cost US$1.5-2.0 billion, Awaji tells reporters during the 4th Saudi Arabia Smart Grid and Green Energy conference.[..]

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Al Jaber Energy services wins US$ 125 mn Abu Dhabi energy contract

Al Jaber Energy services wins US$ 125 mn Abu Dhabi energy contract

17th December 2014

Al Jaber Energy Services, a subsidiary of Al Jaber Group, has secured a major general civil and buildings project on the South and North Islands of the four artificial Islands developed by Zadco belonging to Upper Zakum Offshore Field located 84 kilometers from Abu Dhabi, from energy giant Petrofac Emirates LLC, valued at more than Dh460 million (US$ 125 million), according to news reports in Gulf News.[..]

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