Business Services Industry
Emaar, The Economic City signs MoU with Siemens to set up power grid at King Abdullah Economic City.
Middle East and North Africa Business Report, July, 2007
Jul. 29--Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has signed a Memorandum of Understanding (MoU) with Siemens for setting up a 110/380KV power generation grid within KAEC.
Dr Abdulraouf Mannaa, Managing Director, Emaar.E.C, and Eng Kareem Al Amoudi, Vice President, Siemens AG, signed the MoU, which covers the first phase of the project and includes a comprehensive plan including future networking with the Saudi Electricity Company.
Dr Mannaa said: "The MoU with Siemens signals our commitment to provide KAEC with the latest in technology. We wanted to partner with a company that has a long history and extensive expertise in the sector. Siemens has proven track record in establishing...
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