228 articles in Israel
Abu Dhabi Sewerage Services Company has named preferred bidders for two sevenyear O&M contracts covering wastewater collection, treatment and distribution in the emirate.
Middle East contractor and developer Metito has said it is now unlikely to pursue an IPO in 2012, citing market instability.
The bank’s decision to channel its loan through Hapoalim has increased the cost of the desal financing package.
Last month’s Watec 2011 event played host to a new wave of water start-up initiatives. With quality and deal flow increasing, has the search for funding become easier?
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.
Relations between Saur, France’s thirdlargest private water company, and its 33% shareholder Séché Environnement, have reached an all-time low.
Liberation Capital, the venture fund headed by GE veterans Jeff Garwood, Fred Schmuck and Earl Jones, has invested $8 million in UK-based wastewater treatment specialist Bluewater Bio.
* Omar Al Wahaibi, the chief executive of Haya Water, has left the Muscat wastewater controller to join Oman’s Electricity Holding Company.
Delek, the Israeli investment holding group, has put its 50% share of IDE Technologies on the market.
The sale of Granite Hacarmel could have far-reaching implications for its water division. It has been frantically buying out joint venture partners in order to boost its core offering.