01 April 2007

A consortium including France’s Suez closed an $800 million deal to finance the construction of a power and water plant and the purchase of another power plant, both in Oman.

Suez won the contract to build the 678-MW Barka power and water desalination facility in Oman in December. It has also purchased the 690-MW Rusayl power plant as part of the government’s privatisation programme.
Other consortium partners are Mubadala Development Company, owned by the government of Abu Dhabi, and National Trading Company.

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Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.