Zamil Industries Subsidiary Awarded SAR 134.5 mln Contract

Middle East Engineering and Development Co. Ltd. (MEEDCO) awarded on Wednesday Zamil Towers & Galvanizing Company Ltd. with a SAR 134.5 million contract to supply lattice towers and gantries for a 380kV double circuit transmission line.

Zamil Towers & Galvanizing will supply the transmission line between Tabuk Bulk Supply Point (BSP) and Tabarjal BSP to facilitate electricity exchange between the two supply points in the northern region of Saudi Arabia, it said in a statement to Tadawul on Thursday.

“This contract award makes Zamil Towers & Galvanizing a key participant in the infrastructure development of Saudi Arabia,” Osama Bunyan, CEO of Zamil Industrial said in the statement. “We anticipate smooth cooperation with MEEDCO and SEC as we work to provide the finest products and services for use in this important endeavor.”

The 16-month contract says the company will start work on the new line in the fourth quarter of this fiscal year, and will complete construction towards the end of fiscal year 2015. Shipments will resume until the project is completed.

Zamil Towers & Galvanizing Company will supply over 26,000 metric tons of lattice steel towers and low level gantries needed for the construction of the circuit, which is owned by Saudi Electricity Company (SEC).