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FINANCIAL NEWS
Japan, Saudi Arabia aim USD272m Oman utility projects
12 Oct 2016
(MENAFN) Four consortiums are in the way for the USD272mn Salalah and Sharqiyah independent water projects (IWP).
Additionally, these include Saudi-based Acwa, Japanese group JGC Corp. and Spanish groups GS Inima and Tedagua.
Moreover, the scope of the projects involves design, construction, ownership, financing, operation and maintenance of high-efficiency desalination facilities.
Meanwhile, the Salalah project will be operational in the third quarter of 2019, while the Sharqiyah IWP will be ready in the second quarter of 2020.
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