Middle East Economic Survey


No 31



GDF Suez And GIC Sell 30% Of Al Dur IWPP To Bahrain Investors

Frances GDF Suez and Kuwait-based Gulf Investment Corporation (GIC) have sold a 30% stake in Bahrains Al Dur independent water and power project (IWPP) to a group of Bahrain-based investors. They comprise the Social Insurance Organization of Bahrain, Instrata Bunya Fund, Capital Management House, Bahrain Islamic Bank and First Energy Bank. GDF Suez sold 5% of its share and...