Making a Ras assumption
- From: Vol 11, Issue 2 (February 2010)
- Category: Analysis
- Region: Middle East
- Country: Saudi Arabia
- Related Companies: Coface, Doosan, Dubai Electricity and Water Authority , Euler Hermes, Fichtner, Fisia Italimpianti, Hyflux, Japan Bank for International Cooperation, Saline Water Conversion Corporation and Veolia
Christopher Gasson wonders whether the Ras Azzour tender might be a coded invitation to export credit agencies.
For those of you with SAR200,000 ($53,000) to spare, the tender documents for the 1,025,000m3/d Ras Azzour power and water plant in Saudi Arabia make dismal reading. It is shockingly aggressive. The contractor is not allowed to suspend work if the client does not pay its bills because of a dispute. Payments will be “within ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
