# HD Hyundai Electric wins $50.8M substation equipment contract for NEOM

HD Hyundai Electric signed a $50.8 million contract with Al Gihaz Contracting Company to supply high-voltage transformers, switchgears, and reactors for a new 380/132kV substation in NEOM City, Saudi Arabia.

- Type: Contract
- Announced: 2023-09-11
- Where: NEOM City, Saudi Arabia
- Value: $50.8M
- Status: announced
- Products: high-voltage transformers, high-voltage switchgears, reactors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [HD Hyundai Electric](https://endata.com/companies/15628.md)
- [Saudi Electricity Company](https://endata.com/companies/8447.md) (customer)
- [Al Gihaz Contracting Company](https://endata.com/companies/59367.md) (customer)

## Sources

- [saudigulfprojects.com](https://www.saudigulfprojects.com/2023/09/hd-hyundai-electric-awarded-50-8m-electrical-equipment-supply-contract-for-neom/), 2023-09-11: "HD Hyundai Electric announced in a statement that it has signed a contract with Saudi Arabia’s Al Gihaz Contracting Company to supply electric equipment for a new 380/132kV Substation in NEOM City."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.