AnelKSA to start electrification work at Mecca Train Station

Anel Elektrik Proje Taahhüt ve Ticaret A.Ş reported that AnelKSA, a 35 percent subsidiary of the company, based in Saudi Arabia, received the instruction from Saudi Bin Ladin Group to start the electrical and mechanical works of the Mecca train station.

In Anel Elektrik's statement published on the Public Disclosure Platform (KAP), it was stated that the total project cost is 101,3 million dollars, and the part that will reflect on the company's financials is 35 million dollars, with a 35,5 percent share in AnelKSA. Stating that the work within the scope of the instruction is planned to be completed within 24 months, it was emphasized that the total amount of electrical and mechanical works constituted 24,1 percent of the sales in the last announced financial statement.

Source: AA

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