MIDDLE EAST WATER IN BRIEF
- From: Vol 12, Issue 12 (December 2011)
- Category: Brief
- Region: Middle East
- Country: Israel, Palestinian Territories, Qatar, Saudi Arabia and United Arab Emirates
- Related Companies: IDE Technologies, Marafiq, National Commercial Bank, Palestinian Water Authority , Qatar Petroleum, TAQA and Tri-Tech Holding
Marafiq, the utility for the industrial cities of Jeddah and Yanbu in Saudi Arabia, is expected to close a SAR4.5 billion ($1.2 billion) loan deal in the first quarter of 2012, according to sources in the Saudi banking community. Response to the call for commercial lenders has been high, with one bank – the National Commercial Bank – offering to fund the entire sum itself. Marafiq is looking to expand its water, wastewater and power infrastructure in the coming years.
China’s Tri-Tech Holding has won its first project in the Middle East, securing a contract to build a 5,760m3/d MED desalination plant at the Mesaieed Industrial City in Doha, Qatar. The $8.3 million engineering, procurement and construction (EPC) contract was awarded by the Qatar Petrochemical Company (QAPCO). The plant is scheduled to be completed by November ...
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
