By Ayesha Daya
Sept. 21 (Bloomberg) -- Siemens AG, Europe's largest engineering company, won a 553 million-riyal ($147.5 million) contract from Emaar Economic City in Saudi Arabia for electrical works in the King Abdullah Economic City.
Siemens will develop the transmission and distribution network of as many as three sub-stations and related facilities for the first phase of King Abdullah Economic City, Emaar said today in e-mailed statement. Emaar Economic City is a unit of Dubai-based Emaar Properties PJSC, the largest publicly traded property developer in the Middle East.
To contact the reporter on this story: Ayesha Daya in Dubai adaya1@bloomberg.net
Sunday, September 21, 2008
Siemens Wins 553 Million-Riyal Contract From Emaar Saudi Unit
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