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News Qatar Islamic helps fund $150m desalination plant

Qatar Islamic Bank said on Sunday it had agreed with Qatar Electricity and Water Co a $150 million Islamic finance deal to help fund a water desalination plant. The 20-year istisna-ijara facility will be used to finance the construction of three desalination units for the Ras Abu Fontas A1 plant, the lender said in a statement. Due to be completed in the summer of 2009, the plant will have an ultimate capacity of 45 million imperial gallons a day.

Contact information n/a
News type Inbrief
File link n/a
Source of information Trade Arabia
Keyword(s) water desalination plant
Subject(s) SANITATION -STRICT PURIFICATION PROCESSES , DRINKING WATER AND SANITATION : COMMON PROCESSES OF PURIFICATION AND TREATMENT , FINANCE-ECONOMY
Relation http://www.semide.net/documents/fol195274
Geographical coverage Qatar
News date 01/04/2008
Working language(s) ENGLISH
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