Raissy Trading Co. awarded $34.5m Contract from SEC

Raissy Trading & Contracting Co Ltd, Saudi Arabia announced in a statement that it has Signed the Unified Contract for Distribution Networks up to 36kV IN AL BAHA, Southern region of Saudi Arabia.

The contract was signed with Saudi Electricity Company.

The Value of Contract is 129,749,050 million SAR (USD 34,599,747)

The total project Duration is 03 years.

In another statement the company mentioned that the it has submitted lowest bid of USD 58.5 million for the 132kV Overhead Transmission line Project in Southern region of Saudi Arabia. The total route of proposed transmission line is approximately 64km. The Project scope of works also includes 132kV GIS expansion.