DEWA Signs Two Water Purchase Agreements with ACWA Power Saudi Arabia Worth $479 Million
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The Dubai Electricity and Water Authority (DEWA) has signed two water purchase agreements with ACWA Saudi Arabia. The value of the two agreements is AED 1.76 billion, equivalent to US$479.2 million.
The two agreements are linked to the development of a new phase of a water project. DEWA announced the signing and published details of the deal in brief in the original article, but complete information on the implementation schedule or project details was not available.
This agreement reflects cooperation between companies from two Gulf states in the water sector, an important field in a region that relies heavily on desalination and the management of its water resources.
This news is of interest to readers in Saudi Arabia, as it concerns a Saudi company working with a government entity in a neighboring Gulf state. Media outlets will follow the implementation details of the two agreements in the coming period.
Sources: Forbes Middle East
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