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New tender for $9bln Ras Azzour water project on the cards

Posted on 26 June 2009

From Arabnews.com: Saudi authorities are expected to call for new tenders from specialized companies to establish the proposed $9 billion Independent Water and Power Production (IWPP) project in Ras Azzour, Saudi and foreign investors have said.

Saudi Arabia required new investments worth more than $50 billion for desalination projects during the next 10 years, Asharq Al-Awsat Arabic daily said quoting informed market sources……..Full Article: Source

 
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