ABB confident of winning projects in NEOM, says CEO

29/10/2017 Argaam

 

Swiss engineering group ABB is confident of winning projects in Saudi Arabia’s $500 billion NEOM megacity unveiled last week, Reuters reported, citing the company’s CEO Ulrich Spiesshofer.

 

In a meeting with members of the Saudi royal family, Spiesshofer discussed the Kingdom’s plan for building NEOM as a new business and industrial zone, spanning Saudi Arabia, Egypt, and Jordan.

 

ABB is well positioned to provide automation and power to high-tech industries setting up in the country, Spiesshofer said, without more details about the value of projects the power transmission and automation firm could bid for.

 

“There’s a wide range of opportunities and we will do our best to participate in that in the appropriate way,” Spiesshofer added.

 

ABB – which operates mainly in robotics, power, heavy electrical equipment, and automation – reported a 1 percent rise in Q3 2017 net profit to $571 million.
 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.