Middle East Economic Survey

VOL. XLIX

No 6

6-February-2006

UAE

Sembcorp Named Preferred Bidder For Fujairah IWPP

Singapores Sembcorp Utilities was named at the end of January as the preferred bidder for Abu Dhabi Water and Electricitys (ADWEA) request for a partner to develop Fujairah, its sixth independent water and power project (IWPP), MEES learns. Sembcorp, which is supported by Société Générale and Barclays, bid $1.344bn, and a consortium led by Suez Energy, with Sogex Oman and supported by...