{"id":94730,"date":"2025-02-25T00:00:00","date_gmt":"2025-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/al-babtain-closes-sar-622-mn-transmission-towers-contract\/"},"modified":"2025-02-25T00:00:00","modified_gmt":"2025-02-25T00:00:00","slug":"al-babtain-closes-sar-622-mn-transmission-towers-contract","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/25\/al-babtain-closes-sar-622-mn-transmission-towers-contract\/","title":{"rendered":"Al Babtain closes SAR 622 mn transmission towers contract"},"content":{"rendered":"

\n

INFRASTRUCTURE-<\/p>\n

#1- <\/strong>Al-Babt<\/a><\/strong>ain Pow<\/a><\/strong>er and Telecom<\/a><\/strong> inked a SAR 622 mn contract to supply steel overhead <\/strong>transmission towers to <\/strong>Saudi Services for Electro Mechanical Works<\/a><\/strong> for the third portion of the 500 kV LCC HVDC overhead transmission line for the COA-SOA Interconnection Link, according to a disclosure to Tadawul<\/a>. The 24-month contract includes design, testing, manufacturing, and supply.<\/p>\n

Al-Babtain has been busy: <\/strong>Earlier this month, Al Babtain Power and Telecom signed a SAR<\/a>390 mn<\/a> contract with Larsen & Toubro to supply steel towers for the 500kV COA-SOA interconnection line. The company also secured a SAR 777.2 mn contract with Hyundai Engineering and Construction (Hyundai E&C) in November<\/a> to supply 500kV HVDC overhead transmission lines.<\/p>\n

\n

\n

#2- <\/strong>PIF-own<\/strong>ed National Water Company (NWC) launched 4 projects worth a combined <\/strong>SAR <\/strong>323 mn in the Taif governorate<\/strong>, it said in a statement<\/a>. The water and environmental projects included an 18 km sewage transmission line worth upwards of SAR 202.3 mn, a SAR 65.7 mn reservoir with a 100k cubic meter capacity, and two sewage feeder lines networks \u2014 a 34.8 km network worth over SAR 36.5 mn and a 16.5 km network that costs over SAR 19.1 mn.<\/p>\n

ICYMI- <\/strong>NWC rolled out 20 projects in Jazan last month<\/a> valued at SAR 607 mn, featuring 10 water infrastructure initiatives costing SAR 238 mn, such as raw water intake at Jazan Valley Dam and network expansions. In December<\/a>, the company launched water and sanitation projects worth SAR 11.6 bn across the Kingdom\u2019s Aseer, Qassim, and Al Baha provinces.<\/p>\n

\n

INVESTMENT WATCH-<\/p>\n

MIS divests from OpenAI stake with USD 3.4 mn gain: <\/strong>Tadawul-listed Al Moammar Information Systems (MIS) fully exited its investment in ChatGPT-owner OpenAI<\/a>, selling its entire stake for USD 8.4 mn, it said in a disclosure<\/a> to the exchange. The identity of the buyer was not disclosed. The transaction \u2014 executed at a USD 3.4 mn gain on the tech firm\u2019s initial USD 5 mn investment \u2014 will be reflected in MIS\u2019s 1Q results.<\/p>\n

The rationale: <\/strong>The divestment is in line with the company\u2019s broader strategy to reallocate capital into new investments, like its newly-set-up SAR<\/a>40 mn AI fund<\/a>. <\/p>\n

\n

FOOD-<\/p>\n

Balady<\/strong> P<\/strong>oultry awards EUR 7 mn contract for poultry waste treatment to Harslev:<\/strong> Balady<\/a>Poultry Trading Co.<\/a> has contracted Danish poultry waste treatment firm Harslev<\/a> to supply and install solid waste treatment lines for its new slaughterhouse and meat factory under a EUR 7 mn contract, it said in a disclosure to Tadawul<\/a>. The 60-week contract covers waste treatment for 500k birds per day.<\/p>\n

REMEMBER- The slaughterhouse and meat factory are part of <\/strong>a SAR 1.1 bn expansion<\/a>plan<\/a> laid out by Balady Poultry earlier this month to boost its poultry production over five years. The plan also includes 600 broiler chicken coops and two hatcheries with an annual capacity of 100 mn sauces each.<\/p>\n

\n

STARTUP WATCH-<\/p>\n

Bahrai<\/strong>n-based cake-ordering app <\/strong>Lola<\/a><\/strong> raised USD 1.3 mn in a pre-seed investment <\/strong>round <\/strong>in partnership with Vision Ventures, Plus VC, and unnamed strategic angel investors, according to a press release<\/a>. The funds will support the startup's expansion into Jeddah, the Eastern Province, and other GCC markets, following successful launches in Riyadh and the UAE. Proceeds from the round will also go towards improving the startup\u2019s platform, recruitment, and improving logistics.<\/p>\n","protected":false},"excerpt":{"rendered":"

ALSO, Balady Poultry awards EUR 7 mn poultry waste treatment contract<\/p>\n","protected":false},"author":1,"featured_media":94731,"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":[2564],"tags":[4046,4024,54,1181,2461,10,4047,1742,4045,2145,973,519],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-aces-nh","tag-al-babtain-power-and-telecom","tag-also-on-our-radar","tag-balady-poultry","tag-bawan-company","tag-enterpriseam-ksa","tag-lola","tag-national-water-company-nwc","tag-nokia","tag-real-estate-development-fund","tag-real-estate-general-authority","tag-tiktok","wpautop","entry"],"acf":{"mongo_id":"c9f4cec0-eacc-4386-88e6-ba0c2ba80eda","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/2385.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Al Babtain closes SAR 622 mn transmission towers contract","related_issue":[94712],"teaser":"ALSO, Balady Poultry awards EUR 7 mn poultry waste treatment contract","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.634b2474-7935-43df-bf2f-c4115bb241bf.mp3"},"yoast_head":"\nAl Babtain closes SAR 622 mn transmission towers contract - 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