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SEC Chief Executive Officer Suleiman Al-Qadi told Al-Eqtisadiah newspaper the proposal would allow the company to â€œfinance its future plans without the need for loans from banksâ€.He gave no details.
2004 PRESS RELEASES
Mr. Suliman Al-Qadi, CEO of SEC, told a meeting of Saudi businessmen in Jeddah that SEC is planning to launch a competitive bidding process for the construction and management of power projects this year.Documents distributed at the meeting said that seven new power plants will be on offer - three on the western Red Sea coast (Yanbu-2, Rabigh-2, and Shuquaiq-2), one on the eastern Gulf coast (Qurayyah-2), and three in central Saudi Arabia (Muzahimiyah-2, Sulbokh, and Power Plant 10).Al-Qadi also said that investments for projects in large Saudi cities could also be opened up in the coming decade.
added that tender documents will be issued in two months and contracts will be awarded before the end of 2004.
Ain-Al-Yaqeen - February 7, 2003 - Article 6
The Executive President of SEC, Sulaiman Ibn Abdullah Qadi, said that the total number of subsidiary power stations has reached 15 with a capacity of 110 KVs (Kilo volts), and 8 with a capacity of 33 KVs.
"There are now 430 medium power-generation turbine networks and 522 new electricity distribution stations in different parts of Madinah Region," he
said. Sulaiman Qadi
added that 154 employees and technicians took part in executing the operation project for Madinah Region. Hajj & Umrah magazine
, published by the Ministry of Hajj
and distributed in over 90 countries in English and Arabic, has been appearing for over 70 years.
Its goal is to bring together the Islamic communities spread out across the world.
Sulaiman A. Al ...
Sulaiman A. Al KadiChairman of the BoardSaudi United Cooperative Insurance Co.
Mr. Sulaiman Ibn Abdullah AlKadi, President and CEOP.O. Box 22955Riyadh 11416Tel: 966-1-461-9000Fax: 966-1-461-9000