The Clap
Qalaa Holdings (CCAP) is exploring the possibility of investing in Saudi Arabia’s energy sector.
Deets
The company’s subsidiary “Taqa Arabia” is considering expanding its operations to energy & gas distribution in the Saudi market.
You should know
Taqa Arabia signed an agreement with Saudi’s Natural Gas Distribution Co. to operate & develop gas distribution services.
So what
Qalaa’s CEO Ahmed Heikal said Saudi Arabia presents a lucrative investment opportunity for the company.
Now what
Heikal added that the company has been looking into investment opportunities for two months now in Saudi Arabia.