NO. 5


Saudi Arabia

Saudi Arabia Awards $1.07bn Power/Desalination Contract

Saudi Arabia has signed a SR4bn ($1.07bn) contract to build a major power anddesalination plant with a daily capacity of 500 megawatts and 100mn gallons ofwater respectively to supply Mecca, Jiddah and Taif. The contract is reported tohave been awarded to Bechtel of the US and Korea Heavy Industries andConstruction Company. The project, which is believed to be the world's biggestsingle contract...