MENA Project Tracker — NEOM receives bids for water transmission project; EDO assigned BB- rating

CAIRO: Saudi Arabia’s NEOM has received bids for the construction of the spine water transmission infrastructure worth SR1.9 trillion ($500 billion) for The Line project.

The project will include construction of water storage tanks and a water transmission pipeline, reported MEED.

China Harbour Engineering Company and South Korea’s Hyundai Engineering are two of the companies that have submitted the bids. 

EDO assigned ‘BB-‘ rating 

S&P Global Ratings has assigned “BB-”  rating to Energy Development Oman, reported MEED.