AED37m Saudi contract for Areva T&D

A rendering of Knowledge Economic City.

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Areva’s Transmission and Distribution (T&D) division has secured an €11 million (AED36.5 million) contract for Knowledge Economic City in Saudi Arabia.

The contract is for the supply and installation of a 110/13.8 kV gas-insulated substation (GIS) at Knowledge Economic City in Madinah, Western Saudi Arabia, which will power a newly developed luxury residential area. The order is scheduled for completion in 2012.

“This new deal positions us as a key player in the region’s transmission and distribution infrastructure, and puts us in a strong position to capitalise on the emerging possibilities,” said Areva T&D VP: international sales Anil Chaudhry.

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The Kingdom’s Economic Cities strategy is to place Saudi Arabia among the world’s top ten competitive investment destinations. Considered the most important of the six cities due to its proximity to the al-Madinah mosque, Knowledge Economic City is being punted a leader in hi-tech economy initiatives.

A network of transportation facilities is planned to connect the city to the Al-Madinah mosque and other major cities and economic centres in Saudi Arabia. It involves SR30bn (US$8bn) of aggregate investment for developing the project, 20 000 new job opportunities, an expected population of 150 000, accommodation for up to 30 000 visitors, a retail area with 1 200 shops and a residential area with 30 000 residential units.