THE COMPANY'S EFFORTS TO LOCALIZE ELECTRICITY INDUSTRIES

Saudi Electricity Company is spending  great efforts to support and encourage local manufacturer , summary of efforts mentioned below :

- Participate in international and local conferences and forums to present investment opportunities and Localization strategies and meet with representatives of companies and investors..

- Provide manufacturers with the necessary data for the feasibility studies.

- Publication of five-year plan for SEC's needs of  the distribution of materials well as the technical specifications required on the company's  web site.

- Sharing of  prepared specifications of materials and equipment with local manufacturers.

- Hold regular meetings with local manufacturers to open channels of communication and reach to optimum solutions for the obstacles & problems.

- Signing of a memorandum of understanding with the Royal Commission in Yanbu and BAHRI Co. to support the localization of manufacturing industries.

- Signing of a memorandum of understanding with the MODEN  to support the localization of manufacturing industries (in progress).

- Cooperation and coordination with Saudi Aramco in their projects of localization of electrical industries within the Energy City, which they planned to build in the Eastern Province.

- Participate the manufacturers workshops with them to implement mechanisms or procedures related to the development of new methods of work.

- Holding meetings with representatives of foreign embassies to present investment opportunities and Localization strategies of the company.


​The resultant of these efforts, Evolution of the number of local manufacturers (61) factories dealing with SEC in 2001 to  (512) factories by the end of 2017 .

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