Joint venture for EDF and Soroof
New deal sees EDF presence in Saudi Arabia
French power giant EDF has signed a joint venture deal with Soroof International, creating EDF Saudi Arabia in Riyadh and Alkhobar, the Arab News has reported.
Planned to operate in generation, transmission and distribution of electrical power in the Kingdom, the joint venture deal was signed by Prince Bander bin Abdullah bin Mohammed bin Saud Al-Kabeer, president and CEO of Soroof International, and Guillaume De Forceville, EDF France’s group deputy director of development.
Speaking about the partnership, Prince Bander said: “The joint venture will enhance and advance the position of Soroof International Company among the power generation companies working in the Kingdom.”