{"id":89911,"date":"2024-09-25T00:00:00","date_gmt":"2024-09-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/25\/elsewedy-electric-partners-with-siemens-to-develop-usd-800-mn-power-plant-in-rabigh\/"},"modified":"2024-09-25T00:00:00","modified_gmt":"2024-09-25T00:00:00","slug":"elsewedy-electric-partners-with-siemens-to-develop-usd-800-mn-power-plant-in-rabigh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/25\/elsewedy-electric-partners-with-siemens-to-develop-usd-800-mn-power-plant-in-rabigh\/","title":{"rendered":"Elsewedy Electric partners with Siemens to develop USD 800 mn power plant in Rabigh"},"content":{"rendered":"

Cairo-listed Elsewedy Electric and Siemens are developing a USD 800 mn<\/strong> power plant in Rabigh<\/strong>, an official at Elsewedy reportedly told Al Arabiya<\/a>. <\/p>\n

The timeline:<\/strong> The project, which will include both steam and gas turbines, is reportedly in the construction phase and expected to be fully completed by the end of 2026. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Elsewedy has other projects here in the works: <\/strong>The company expects to finish expansions<\/a> of one of its Saudi factories in January 2025, the Elsewedy source said, as the Egypt-based company is looking to expand its footprint abroad. <\/p>\n

Other Egyptian companies are also heading to the Kingdom in search of new projects:<\/strong> Egyptian construction and real estate players in particular are ramping up efforts to expand abroad<\/a> as domestic growth potential shrinks, industry insiders recently told EnterpriseAM Egypt. While local developers are looking almost everywhere, there seems to be a particular appetite for Saudi on the back of its large, well-regulated, and welcoming market, developers and contractors said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The plant is expected to be fully completed by the end of 2026<\/p>\n","protected":false},"author":1,"featured_media":89912,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2570],"tags":[1512,2425,10,1303],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-elsewedy-electric","tag-energy","tag-enterpriseam-ksa","tag-siemens","wpautop","entry"],"acf":{"mongo_id":"8b7153bb-9820-4b54-8dd6-efaf926dc87f","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1937.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Elsewedy Electric partners with Siemens to develop USD 800 mn power plant in Rabigh","related_issue":[89898],"teaser":"The plant is expected to be fully completed by the end of 2026","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.3413418d-b0a7-474c-aecd-a50140eb0d94.mp3"},"yoast_head":"\nElsewedy Electric partners with Siemens to develop USD 800 mn power plant in Rabigh - 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