A total of 24 top utility project developers including Spanish majors Acciona Agua and Cobra; French groups Saur Sas and Suez as well as major GCC players Metito, Utico and Besix have prequalified for the 200,000-cu-m Al Haer ISTP in Saudi Arabia.
RIYADH: Saudi Arabia’s Alkhorayef Water and Power Technologies Co. has secured a loan worth SR315 million ($84 million) from Al Rajhi Bank to finance water projects in Dammam. The Shariah-compliant agreement aims to finance future projects and ventures, the company said in a statement to the Saudi bourse. With the deal extending for three years, Alkhorayef Water will use the
RIYADH: Saudi Arabia has prequalified 17 companies from 34 firms that expressed interest to bid for the contract to develop the Kingdom's first independent strategic water reservoir project, ISWR, in Makkah, MEED reported. The project owner Saudi Water Partnership Co. is expected to issue the request for proposals to these 17 qualified companies by mid-year, the report stated.
A total of 17 developers including Asian majors - Japan s Marubeni and China s Gezhouba and Harbour Engineering - along with top regional players Metito and Kuwait s Gulf Investment Corporation have prequalified for the Juranah ISWR project in Makkah.
RIYADH: Saudi’s main index, also known as TASI, and parallel market, Nomu, closed lower on Sunday. At the closing bell, TASI was down 0.53 percent at 13,463, while Nomu fell 0.01 percent to reach 23,832. Elm Co. gained 6.89 percent to lead the gainers, followed by Alkhorayef Water and Power Technologies Co. which rose by 6.33 percent. Salama Cooperative Insurance Co. was down