Saudi Arabia’s SEC signs first loans for Jeddah South

Region:

Middle East & Africa

Jonathan Bell

Editor-in-chief

Saudi Arabian state-owned Saudi Electricity Company (SEC) has signed the first loans related to the development of the South Jeddah Power Project. The loans, signed in Tokyo amount to $366 million, and are co-financed between the Japan Bank for International Cooperation (JBIC) and commercial banks.

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