Dammam-Amlak
Investors and industrial businessmen have completed the necessary arrangements to launch a joint stock company in the field of electricity with a capital of up to 400 million riyals, while the company has signed several agreements with European and American companies working in the field of electricity to benefit from them in the localization of the electricity industry in the Kingdom
The vice chairman of the founding committee of EVA Integrated Joint Stock Company Saleh bin Ali Al-Dakhil said that the company is engaged in the implementation of transmission lines and transmission substations projects, implementation of distribution networks projects and maintenance work, as well as the construction of transmission, distribution and generation stations, rehabilitation of generation stations by building cooling plants for turbines to increase efficiency, supply of equipment and spare parts through import from international partners and exploring industrialization opportunities as a strategic plan for the company and ownership participation in independent electricity production projects.

He pointed out in a press statement that the company was established in response to the tremendous growth and increasing need for this type of companies, in addition to the great encouragement from the Electricity Company to involve the private sector in the generation, transmission and manufacturing sector, adding that the company specializes in integrated electricity and energy solutions for a market that is considered the largest in the region in the electricity sector.