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

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

28 December 2023 04:24 PM

KEIR

9542

8.81%

4.20

0.34

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

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