Middle East Economic Survey

VOL. XLVIII

No 52

26-December-2005

SAUDI ARABIA

Saudi Arabias Shu'aiba Signs Financing Agreement

Saudi Arabias first independent water and power project (IWPP), Shu'aiba Water and Electricity Company (SWEC), signed a financing agreement with lenders on 21 December. SWEC, established last August, is a joint venture between sponsors which include a Malaysia-led consortium comprising Acwa Power and Tenagh Nacional Berhad, with the support of international and Saudi...