Middle East Economic Survey

VOL. LII

No 31

3-Aug-2009

SAUDI ARABIA

Marafiq Awards Hanwha $720Mn Contract For Power Plants

Marafiq, the power and water utility company for the industrial cities of Jubail and Yanbu', on 28 July signed a SR2.7bn ($720mn) contract with South Koreas Hanwha Engineering and Construction Company to build two steam-turbine generating plants at Yanbu'. The combined power output capacity of the two plants will be 500mw, which would raise Marafiqs power output from 1gw to...