logo

Saudi Electricity Company starts work on Jeddah substation project

Zawya20-03-2025

Saudi Arabia's National Housing Company (NHC) has announced that work has started on the Sadayem Power Substation Project in northern Jeddah, in collaboration with the Saudi Electricity Company (SEC).
The project is being implemented under an agreement between the two entities, ensuring the highest engineering standards through technical and engineering support at all stages, said NHC in a statement.
Sadayem Destination is strategically located near the Red Sea coast in a promising area for future developments, north of Jeddah. Spanning over 3.8 million sq m, it offers a modern lifestyle concept with green corridors stretching 8km long.
According to NHC, the substation is being built on a 4,500 sq m area at an investment of over SAR271 million ($72 million).
The electrical connection lines will extend 13 kilometers to supply over 8,000 residential units, accommodating around 45,000 residents and ensuring optimal electricity distribution within the urban destination, it stated.
The Saudi Electricity Project Development Company will be overseeing all phases to uphold the highest safety and quality standards, aiming to enhance the electrical network and provide highly reliable power services to the destination, it added.- TradeArabia News Service
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Saudi's Sumou signs $181mln deal to build villas in Makkah Gate scheme
Saudi's Sumou signs $181mln deal to build villas in Makkah Gate scheme

Zawya

time25-05-2025

  • Zawya

Saudi's Sumou signs $181mln deal to build villas in Makkah Gate scheme

Sumou Real Estate Company has signed an agreement with the state-backed National Housing Company (NHC) to develop residential units in the Areem Makkah project. The villas will be developed on the land plots allocated to Sumou within the Makkah Gate project, the company said in a statement to the Saudi stock exchange on Sunday. Dubbed 'Area O2' within the Makkah Gate, the project covers 231,600 square metres with an estimated development value of 680 million Saudi riyals ($181.30 million). The contract duration is 42 months, starting 23 May 2025. The project is expected to have a positive impact on the company's results after the start of off-plan sales and construction, the statement said. National Housing Company (NHC), the investment arm of the Ministry of Municipal and Rural Affairs and Housing, is the master developer of Makkah Gate. (Editing by Anoop Menon) (

Saudi NHC launches premium real estate projects in Tabuk
Saudi NHC launches premium real estate projects in Tabuk

Zawya

time22-05-2025

  • Zawya

Saudi NHC launches premium real estate projects in Tabuk

Saudi National Housing Company (NHC) has announced the signing of key agreements with leading developers for the launch of Tabuk Hills as well as the second phase of Tabuk Valley, the newest urban destinations in the Kingdom of Saudi Arabia. It was launched by Tabuk Region Governor Prince Fahd bin Sultan bin Abdulaziz in the presence of senior Saudi officials. The event, held in the presence of Deputy Governor Prince Khalid bin Saud bin Abdullah bin Faisal bin Abdulaziz and NHC Chief Executive Mohammed Al Buty, witnessed the signing of six real-estate development agreements for several projects in the new destinations, said the company in a statement. The step embodies the partnership between the public and private sectors in supporting the goals of the Housing Program, one of the programs of Saudi Vision 2030, which aims to raise the rate of home ownership to 70%, it added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (

Saudi-listed Retal to build 995 residential units in Al-Khobar
Saudi-listed Retal to build 995 residential units in Al-Khobar

Zawya

time22-05-2025

  • Zawya

Saudi-listed Retal to build 995 residential units in Al-Khobar

Retal Urban Development Company has signed a sub-development agreement with the state-run National Housing Company to develop 995 residential units in Al-Aziziyah district, Al-Khobar. The estimated development value is 1.41 billion Saudi riyals ($373.21 million), the company said in a statement to the Saudi stock exchange on Thursday. The contract duration is 42 months from the commencement date of the agreement. The project will have a positive impact on the company's results from 2025 to 2028, the statement said. (Editing by Anoop Menon) (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store