Middle East Economic Survey
VOL. XLVII
No 36
6-September-2004
GENERAL
GCC States Approve Budget For First Phase Of Joint Power Grid
GCC states have approved a budget of $1.25bn for the first phase of a power grid linking the six member countries, it was announced in Bahrain on 29 August. Gulf energy ministers last May approved a financing plan for the scheme (MEES, 17 May). The cost of the first phase, connecting Kuwait, Saudi Arabia, Bahrain and Qatar, will be met by Saudi Arabia (contributing...
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