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

Follow-ups -eshrag News:

Thu, 2022-08-04 17:30

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.

Main category: 
Business & Economy

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