Middle East Economic Survey
VOL. LII
No 19
11-May-2009
SAUDI ARABIA
Ras Al-Zour Change Raises Questions About IWPP Process, WECs Role
The Saudi Arabian authorities have decided to implement the $5bn Ras al-Zour independent water and power project (IWPP) on an engineering, procurement and development (EPC) basis, rather than via the development consortium it chose as a preferred bidder last year (MEES, 4 May). Although a huge chunk of debt funding was in place for the project, which was being...
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