SEC and Bahri aim to localise Saudi electricity sector
Saudi Electric Company (SEC) and Bahri have signed an agreement for the shipment of materials and equipment used in the generation, transmission and distribution of electrical power.
SEC is attempting to localise the electrical industry in Saudi Arabia and its related services - especially transportation and shipping - which is intended to enhance the company’s contribution to Saudi Arabia's economy and strengthen the cooperation between national companies.
Bahri said in a press release that the contract covers the receipt, transfer and shipping of materials and equipment from suppliers all over the world, Saudi Customs clearance, and delivery to all SEC work sites in the country.
"This agreement is an extension of the memorandum of understanding that SEC and Bahri signed in 2015, and is aimed at supporting the implementation of the strategy of localisation of the electrical industry and supporting services," said SEC CEO, Ziyad Bin Mohammed Al-Shiha.
Ibrahim Al Oman, CEO of Bahri, added that the SEC deal will help boost Bahri's position as a leading shipping and transport company, and expand its integrated logistics services.