Riyadh – Mubasher: Rawasi Albina Investment Company has successfully obtained prequalification from Saudi Energy Company within the energy transmission sector, according to a bourse filing.
This certification allows Rawasi Albina to participate in competitive bidding processes and tenders for power transmission projects in accordance with the Saudi Energy’s approved standards and procedures.
The construction company stated that this prequalification is a strategic step toward expanding its operational footprint and diversifying its activities within the energy and infrastructure sectors.
Furthermore, the move aligns with the objectives of Saudi Vision 2030, which focuses on developing the national energy ecosystem and enhancing infrastructure sustainability.
Rawasi Albina noted that the qualification reflects the confidence of major entities in its technical and executive capabilities.
It added that this prequalification does not constitute a contract award or the signing of specific project agreements at this time.
Rawasi Albina committed to disclosing any material developments or future contract awards in accordance with relevant regulations. Meanwhile, it confirmed the goal of targeting new opportunities in electricity transmission to drive business growth and shareholder value.
