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...
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