Enel, a major Italian firm, plans to launch a series of energy projects in Saudi Arabia.

The company has signed an MOU with the Saudi Arabian General Investment Authority (Sagia) in this regard, said a report in Arab News.

Enel will participate in installing digital electricity meters and developing electricity transport and distribution grids in the kingdom, Enel CEO Fulvio Conti was quoted as saying.

He said Enel would also take part in renewable energy projects, including the development of high-efficiency thermodynamic solar plants.

Enel officials, however, did not say how much it plans to invest in these projects in Saudi Arabia, where it was chosen as a partner for the energy part of a program to develop six new economic cities.