Keir International announces signing a contract with the Saudi Electricity Company for Inter-Tie Project in Al Khobar, with a total value of 26,282,343 including of the value-added tax
| Element List | Explanation |
|---|---|
| Introduction | Keir International announces the signing of a contract with the Saudi Electricity Company on 28/12/2023 AD
To implement the high-voltage Inter-tie project in Al Khobar city |
| Date of Announcement of the Award | 2023-11-19 Corresponding to 1445-05-05 |
| Contract Subject Matter | High-voltage underground cable works |
| Date of Signing the Contract | 2023-12-28 Corresponding to 1445-06-15 |
| Contract Value | 26,282,243 including VAT (15%) twenty-six million, two hundred and eighty-two thousand, two hundred and forty-three Saudi Riyals |
| Contract Details | Inter-tie Between two stations west of al Khobar in the Eastern Province will be carried out by installing 115- KV underground cables |
| Contract Duration | Twenty-one months from the date of signing the contract |
| Financial Impact and the Relevant Period | The financial impact will appear in the first quarter of 2024 until the fourth quarter of 2025. |
| Related Parties | N/A |
| Additional Information | N/A |
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