KEIR wins SAR 80.4 mln contract from National Grid

14/06/2023 Argaam

KEIR wins SAR 80.4 mln contract from National Grid

Logo of KEIR International Co.

KEIR International Co. was awarded on June 13 a contract by the National Grid to lay high-voltage underground cables to connect the West Taiba station within the program to strengthen major cities in Madinah.

 

In a statement to Tadawul, KEIR said the contract is valued at SAR 80.4 million, inclusive of a 15% VAT. The contract is expected to be signed by July 30.

 

There are no related parties to the deal, KEIR added.

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