Saudi company acquires NPCC




STAFF REPORT ISB: The Saudi firm has taken over National Power Construction Corporation (NPCC) following bidding of disinvestment of 88 percent government shares in the company.
The bidding process was supervised by Chairman Privatization Commission, Muhammad Zubair Umar. Sixteen parties had expressed interest in bidding process and seven were eventually scrutinized on the recommendations of the financial advisers as the pre-qualified parties in May last year. Saudi based company M/s

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Saudi company acquires NPCC


STAFF REPORT ISB: The Saudi firm has taken over National Power Construction Corporation (NPCC) following bidding of disinvestment of 88 percent government shares in the company.

The bidding process was supervised by Chairman Privatization Commission, Muhammad Zubair Umar. Sixteen parties had expressed interest in bidding process and seven were eventually scrutinized on the recommendations of the financial advisers as the pre-qualified parties in May last year. Saudi based company M/s

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NESPAK gets contract for Saudi dams


STAFF REPORT LHR: Saudi Arabia’s Ministry of Water and Electricity has awarded a new contract for the supervision of 15 small dams’ project in Jezan, Najran and Aseer regions to Pakistan’s state-owned National Engineering Services Pakistan (NESPAK).
According to details, the main purpose of these dams is to utilize water for drinking and irrigation purposes.
The total construction cost of the dams under the supervision of Pakistani company is 482.4 million Saudi riyals.
The

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Saudi, Pak IT firms sign B2B agreements




MONITORING REPORT ISB: Over five IT, telecom and technology firms from Pakistan have recently have reached agreements with several Saudi companies to cooperate in related fields in the Kingdom.
These companies had participated in the TECH Seminar organized by Pakistan Embassy’s Commercial Section in Riyadh.
Global Control, MAS Holdings, Communication Concepts and Corporate Solutions are negotiating details of their engagements with Pakistan’s 360 Technologies, 360 Logics,

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Saudi business groups keen in coal, solar power projects




STAFF REPORT LHR: Saudi business groups are taking more interest in investment in various sectors of in Punjab particularly energy.
Most recently, President and CEO of a Saudi group associated with energy sector, Anwar Aleitani, called on Punjab Chief Minister Shahbaz Sharif here and discussed matters regarding investment in energy and other sectors.
The Saudi investment group expressed interest in investment in coal and solar based power generation projects in Punjab. During the

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