Emaar, The Economic City (Emaar EC), the company developing King Abdullah Economic City (KAEC), and  Saudi Arabia-based Rezayat Group and Aggreko, a global leader in the rental of power generation systems, have announced a joint venture to provide temporary power services for KAEC.

The agreement signed is worth SR25 million ($6.66 million) .

Fahd Al-Rasheed, board member and chief executive officer, Emaar.E.C, and Shakeeb Alireza, general manager, Rezayat Group, signed the contract in Jeddah, recently.

As per the contract, the Rezayat Aggreko will provide temporary power for KEAC through turnkey power packages that will enable KAEC to put its extensive projects and infrastructure in operation.