Emaar signs agreement with Saudi Electricity Company

31 October 2010

Electricity company will provide assistance with Emaar’s projects in Jeddah and Al-Khobar

Dubai-based Emaar Properties has signed an agreement with the Saudi Electricity Company (SEC) to integrate the supply infrastructure for its Jeddah Gate and Al-Khobar Lakes developments in Saudi Arabia.

SEC’s work on the projects will involve reviewing, evaluating and approving the technical tenders of the sub-stations required for the developments. The electricity company will also be in charge evaluating and approving the materials required for the project components and providing final drawings.

SEC will also provide temporary electric power for the projects until the permanent supply is provided through two main substations at the developments.

Emaar’s SR6bn ($1.6bn) Jeddah Gate is a mixed-use project spread over half a million square metres in Jeddah’s new downtown area. The Al-Khobar Lakes development covers a total area of 2.6 million sq m and is located close to Al-Khobar city.

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