Saudi Arabia Signs Tender to Localize Manufacture of 10 Mln Smart Electricity Meters

Five Saudi authorities sign an agreement for the production of smart digital electricity meters intended for use within the Kingdom. (SPA)
Five Saudi authorities sign an agreement for the production of smart digital electricity meters intended for use within the Kingdom. (SPA)
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Saudi Arabia Signs Tender to Localize Manufacture of 10 Mln Smart Electricity Meters

Five Saudi authorities sign an agreement for the production of smart digital electricity meters intended for use within the Kingdom. (SPA)
Five Saudi authorities sign an agreement for the production of smart digital electricity meters intended for use within the Kingdom. (SPA)

Five Saudi authorities signed in Riyadh on Sunday an agreement for the production of smart digital electricity meters intended for use within the Kingdom.

The deal seeks to support and promote local content and the development of electrical manufacturing in the Kingdom.

The agreement was signed by Chairman of the Board of Directors of Local Content and Government Procurement Commission Ghassan bin Abdurrahman Al-Shibl, Chairman of Board of Directors of Saudi Electricity Company, Dr. Khalid bin Saleh Al-Sultan, Advisor to the Deputy Minister for Electricity Affairs, Dr. Yasir Al Turki, and Governor of the Electricity and Cogeneration Regulatory Authority Dr. Abdulrahman Al-Muhanna.

Under the agreement, the winner of the Smart Meters Project tender will be required to manufacture at least 35 percent of all smart meters in Saudi Arabia, or 3.5 million out of a total of 10 million meters.

Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz confirmed that the agreement reaffirms the government’s commitment to empowering local content.

He pointed out that the digital meters project will present a qualitative leap in servicing consumers and advancing the whole electricity sector.

SEC Chairman Sultan, for his part, said his company aims through the smart meters project to achieve high reliability in electricity services and make billing reliable and easy to read for subscribers.

The new meters will ensure the standards of accuracy, transparency and clarity upheld by the World Bank and applied in Saudi Arabia.



High-Level Saudi Delegation Arrives in Syria to Strengthen Ties, Explore Investments

This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)
This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)
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High-Level Saudi Delegation Arrives in Syria to Strengthen Ties, Explore Investments

This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)
This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)

In line with the directives of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, the Ministry of Investment, in coordination with the Federation of Saudi Chambers of Commerce, kicked off a high-level working visit to Syria on Wednesday.

The visit aims to strengthen and advance the fraternal bonds and historical ties between Saudi Arabia and Syria, and support Syria’s economic recovery and development.

The Saudi delegation, comprising senior officials from both the public and private sectors, aims to explore promising investment opportunities, facilitate bilateral cooperation, and address challenges facing investors to deepen economic ties and support companies from both countries.

The Ministry of Investment is seeking to empower the Saudi private sector to contribute to Syria’s reconstruction and development by identifying interested companies and organizing a series of introductory workshops.

On the sidelines of the visit, the Saudi-Syrian Investment Forum will be held in Damascus, where several joint projects, investment agreements, and memoranda of understanding will be announced, underscoring the Kingdom’s commitment to building a sustainable and strategic economic partnership with Syria.