Middle East Economic Survey

VOL. XLVIII

No 26

27-June-2005

Saudi Arabia

Saudi-Malaysian Consortium Selected For Shuaiba IWPP

A Saudi-Malaysian consortium was selected on 18 June by the Saudi Water and Electricity Company (WEC) to build the SR9bn ($2.4bn) Shuaiba Independent Water and Power Project (IWPP), according to an SPA report. The 900mw/880,000 cu ms of water per day Shuaiba project is the first of the four IWPPs to be implemented by the private sector under resolution 5/23 of the Supreme...