1231 articles in Middle East
Private equity investors in South Africa have made a major bet on turning a local engineer into a major global desalination supplier. Success will hinge on persuading the world that 16-inch membrane desalination is a viable concept.
The country wants to procure all future large-scale desalination plants using private finance. The emergence of multiple sponsors marks a break with tradition, and follows this summer’s drought and the sacking of the head of the national water utility.
Metito crosses the finishing line on marathon Rwanda bulk water PPP financing Vol 18, Issue 12 (December 2017)
The project developer can now begin work on the water treatment and supply project, some two and a half years after it was first awarded. Despite the delay, Metito says the project will still mark a flagship PPP reference for the region.
The Sharjah utility is looking at options for a privately financed facility at Hamriyah. It will have to overcome bankability worries to make progress.
Financial troubles at Ghana Water mean that Abengoa is likely to struggle to sell its stake in the Nungua desalination plant. Exchange rate risk is not the only challenge.
Top-line numbers may be positive for the region, but smaller opportunities might be more tempting, argues Tom Scotney.
Israel Chemicals has completed the sale of its 50% stake in desalination specialist IDE Technologies for $167 million.
Saudi Arabia is asking greenfield plant investors to take over ownership of nearby older facilities under a new batch of contracts. Will the sale of ageing but upgradeable plants be a necessary burden for investors, or an opportunity for enhanced profit margins?
Israel government nixes direct sale of troubled Ashdod desalination plant Vol 18, Issue 11 (November 2017)
The plant will have to be put up for auction after the authorities came down in favour of a rival buyer’s complaint.
A combination of tariff rises and increased levels of reuse have curbed growth in demand since the end of the regional financial crisis.