Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

SAUDI ARABIA

Restructure Of Marafiq IWPP Delays Finance Bidding

The three consortia that were lined up to bid on Saudi Arabias Marafiq independent water and power project (IWPP) were told several days before the 15 May deadline not to submit bids because the project was being restructured, MEES understands. The changes have been spearheaded by Saudi Electricity Company (SEC) which wants to connect the project to the national grid rather than...