Rawasi Albina secures Saudi Energy pre-qualification to bid for project tender

Logo of Rawasi Albina Investment Co. 

Rawasi Albina Investment Co. received today, Aug. 17, prequalification from Saudi Energy Co. (SEC) for the energy transmission sector, allowing it to participate in related tenders and projects in line with the requirements and procedures approved by Saudi Energy.

The company said in a statement to Tadawul that the prequalification does not represent an award or the signing of contracts for specific projects at this stage, adding that it continues to strengthen its competitive capabilities and capitalize on opportunities in the infrastructure and energy sectors, supporting business growth and delivering sustainable value to shareholders.

The prequalification marks an important step in the company’s strategy to expand its operations, diversify its activities and strengthen its presence in the energy and infrastructure sectors, it said.

The company added that the qualification reflects the confidence of major entities in its technical and execution capabilities and supports its efforts to broaden its business base and explore new opportunities in electricity and energy transmission projects in Saudi Arabia.

Rawasi said it will announce any material developments or contracts awarded to the company in accordance with the applicable laws and regulations.