Middle East Economic Survey

VOL. XLIX

No 5

30-January-2006

SAUDI ARABIA

Siemens-Doosan Joint Venture Secures Shu'aiba EPC ContractA joint venture between Siemens and Doosan Heavy Industries and Construction has been awarded the engineering, procurement and construction (EPC) contract for Shu'aiba Water and Electricity Companys (SWEC) independent water and power project (IWPP). Construction is expected to take three-and-a-half years and it is scheduled to start commercial operation on 25 July 2009....