Middle East Economic Survey

VOL. XLVIII

No 35

29-August-2005

SAUDI ARABIA

Cabinet Approves Establishment Of Shu'aiba Water And Electricity Company

The Saudi government on 22 August approved the establishment of the Shu'aiba Water and Electricity Company (SWEC). The company has been formed to develop, establish, operate and maintain the Shu'aiba-3 project for the production of 880,000 cu ms/day of water and 650-900mw of electricity, with start-up scheduled for 2007. The Malaysian-led consortium...