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FinancialNews


  • 12-10-16

    Japan, Saudi Arabia aim USD272m Oman utility projects

    (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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