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عربي

Gulf Cooperation Council Interconnection Authority

  
Also known as: GCCIA
 
 
 
 
 
 
 
 
 
Updated: Dec 27, 2011
 
 
 
Country

Saudi Arabia

Ownership Type
Company Type
Joint Stock
 
 
 
Zawya Industry Classifications (ZIC)
Sector Industry

Power and Utilities

 
Principal Activities
Transmission of electric power.
 
Date of Establishment Year
2001 (July)
 
No of Employees
55 (As of Dec 19, 2011)
 
 
Contact Details
Address:
Al Raja Tower
4th Floor
Khobar Dammam Highway
Al Sharqiyah Area
P.O. Box 3894
Dammam  31481
Al Sharqiyah
Saudi Arabia
 
Tel:
+966 3-887-0840
 
Fax:
+966 3-882-6801
 
Email:
info@gccia.com.sa
 
Website:
www.gccia.com.sa

 
 
 Business Overview
The GCC Interconnection Authority was created to link the power grids of the six-nation alliance by 2010 in order to help cope with the increasing energy demand. Phase I, expected to be completed by 2008, involves the interconnection of Kuwait, Saudi Arabia, Bahrain and Qatar at a cost of $1.25 billion. Phase II, which will link the power systems of the UAE and Oman, is already in progress. It is important to note that the the GCC Interconnection Authority is not involved in the execution of Phase II. At last, Phase III will connect all the grids of the six Gulf nations into one system, bringing with it huge power savings.
 
 
 Major Shareholders   
Name   Type  Country  Holding 
Saudi Electricity Company [via Government of Saudi Arabia]  Corporate Saudi Arabia 31.60% 
Government of Kuwait  Government Kuwait 26.70% 
Government of United Arab Emirates  Government UAE 15.40% 
Government of Qatar  Government Qatar 11.70% 
Government of Bahrain  Government Bahrain 9.00% 
Government of Sultanate Oman  Government Oman 5.60% 
 
 
 Financial Results  31-Dec-09
  USD'000
Paid-up capital 1,407,000