Client has invited bids for this project in order to connect the new substations with the network.
A total of 11 bidders have been submitted the proposals. Saudi based construction firm, CEPCO has submitted lowest bid for this project. Company submitted the price of SAR 89 million (USD 23.7 million).
Civil & Electrical Projects Contracting Company (CEPCO) has been awarded the main construction contract on this scheme. The value of the contract is SAR 93.5 million (USD 24.9 million). The project will also host many facilities including a royal art complex, a national theater, an opera house, art academies, museums, and galleries. Furthermore, the park will feature extensive green areas, plazas, sports compounds, and an 18-hole royal golf course. The construction works are yet to commence, whereas the completion is scheduled for Q2, 2023.
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