Germany-based leading energy technology company Siemens Energy has secured a major contract from Saudi Arabia’s national community developer powered by the Public Investment Fund (PIF), ROSHN to power more than 30,000 homes within its residential community in the capital.
ROSHN was officially launched as one of the Kingdom’s four mega projects in 2020, to establish communities in key cities around the region, increase the rate of Saudi homeownership to 70 percent, and supporting employment development in line with Vision 2030.
According to the statement, ROSHN’s Riyadh community will comprise mosques, shops, cafes, parks, schools, and leisure and entertainment facilities. It is the first of many communities to be developed by ROSHN.
“This contract will enable Siemens Energy to create more jobs for Saudi talents and will provide homes to meet the needs of Saudi families. One of our main values as Siemens Energy is to care for the communities where we live and so it is an honor for us to be able to contribute to such a great project.”
The grid project will increase transmission capacity and provide power to the new integrated urban community project. Siemens Energy will offer engineering, supply, construction, installation, and commissioning of grid stations that connect the residential community to the Saudi National Grid.
“Siemens Energy will help deliver electricity to this sustainable urban community, ensuring the safety, reliability, and security of the power supplies to residents and visitors. The project reiterates our commitment to enable more resilient, reliable, and greener power grids,” said Mr. Mahmoud Hanafy, Vice President, Grid Stabilization, Middle East.
Siemens Energy will break ground on the project in July. The work is expected to be energized by May 2023 and completed by August 2023, as per the company.