DESAL DEVELOPMENTS
- From: Vol 9, Issue 11 (November 2008)
- Category: Need to know
- Region: Middle East
- Country: United Arab Emirates
- Related Companies: Bank Muscat, Doosan, Dubai Electricity and Water Authority , Emaar and Fisia Italimpianti
* If there is a concern about water projects in the Kingdom, it is about the future of the King Abdullah Economic City,which is being developed by Emaar of Dubai.
Emaar’s share price has fallen by 77% so far this year, and the company has announced that the desalination plant for the economic city will now be financed by someone else on a buildown- operate basis (see story p13). The plan is to tell the developer who wants to finance the project to work around the winner of the ...
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