China's CEEC signs $972M contract to build solar power plant in Saudi Arabia

China Energy Engineering Corporation (CEEC) signed a contract worth 6.98 billion yuan ($972 million) to build a solar power plant in Saudi Arabia, Reuters reported.

The joint venture (JV) partners include CEEC, the Public Investment Fund (PIF), ACWA Power, and Saudi Aramco Power Co. (SAPCO).

The project construction will take 31 months, the company said.