A significant financial loan is close to hand in the Kingdom of Saudi Arabia, with parties expecting agreement by the end of the month.

The long-term loan will facilitate the construction of the Rabigh 2 independent power project and involves the combined efforts of seven banks.
Rabigh 2 independent power project
The 1800 MW oil-based power plant, which is expected to cost around $2.5 billion in total, will be built for Saudi Electricity Company (SEC) by a consortium led by local developer Acwa Power.

The plant is located 175 km north of Jeddah on the west coast of the kingdom.

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