24 articles about "Nakheel"
Construction of the downsized wastewater plant will resume under a restructured agreement, with an extended O&M contract for the French-Belgian consortium and a commitment to finalise financing by early 2010.
The project once hailed as the gold standard for sustainable development in the Gulf has become the latest victim of the slowdown in Dubai’s property market.
*The biggest financing in the water sector – the $5.4 billion Ras Azzour independent water and power project in Saudi Arabia – is not looking too pretty (see story p28).
Suez Environnement has won two contracts in Algeria totalling €133 million.
* Thames is not the only company tapping the debt markets this spring.
* On the subject of things that aren’t allowed to fail, what about the Dubai property market?
The region’s biggest property developer has become its most prolific investor in water and wastewater projects. Alastair Strickland talks to Abdulrahman Kalantar about how Nakheel’s delivery mechanisms are evolving.
* Nakheel has been prevaricating over whether to invite private developers to build, finance and operate its desalination and water reuse plants, or whether to simply ask contractors to design and build them,
* Bahrain’s move towards the liberalisation of its water sector has continued with the appointment of HSBC, Fichtner and Norton Rose to advise on the country’s wastewater privatisation strategy.
Samsung Engineering and Nakheel have finally inked the letter of agreement for an 88,000m3/d STP to serve the International City. The EPC contract is said to be worth USD220 million.