Irish firm named Diyar project designers"
Bahrain's Diyar Al Muharraq has announced the appointment of Irish engineering company Jennings O'Donovan and Partners as primary infrastructure designers to the Diyar Al Muharraq Development. The Irish company will be key to the delivery of primary infrastructure through their role in the design and supervision of the main arteries throughout the development site including highways, bridges, water supply, wastewater, irrigation, electricity and telecommunications. The announcement was made during Enterprise Ireland's trade mission, led by Trade and Development Minister Jan O'Sullivan. Source: TradeArabia News Service"
Orascom secures $1.9bn in credit facilities"
Egypt's Orascom Construction Industries (OCI) , the country's biggest listed company, said its fertilizer subsidiaries had signed credit facilities worth $1.9 billion with international and local banks. The group plans to use the new facilities to refinance existing ones and help carry out a planned separation of its fertilizer and construction businesses into two legal entities under a single holding company. 'This package will help us achieve our twin objectives of refinancing the credit facilities which were due in 2013 thereby fulfilling our near-term refinancing obligations,' chief financial officer Salman Butt said. He added that the loan would facilitate borrowing within the fertilizer business. The initial lead arrangers and underwriters of the deal include Al-Ahli United Bank, Banque Audi, BNP Paribas, Citigroup, Commercial International Bank, HSBC, National Bank of Abu Dhabi, National Societe Generale Bank Egypt and JP Morgan. A 550 million euro five-year term credit facilities to OCI Nitrogen BV, one of the firm's fertilizer subsidiaries, was coordinated by Rabobank International. The World Bank's private sector lender IFC had approved an investment package for OCI that included a $200 million loan for its Egyptian Fertiliser Company and it was helping to mobilize another $125 million from Citi, National Bank of Abu Dhabi, and Al-Ahli United Bank. Source: Reuters"
Bahrain plans $660m sewage treatment plant"
A consortium of three international companies will carry out the largest sewage treatment project in Bahrain at a cost of BD250 million ($663 million), said a senior government official. Work on the Busaiteen project in Muharraq Governorate will start by the end of the year and will be completed in three years, Works Ministry Under-Secretary Khalifa Al Mansoor is quoted as saying by our sister paper Akhbar Al Khaleej. The project, part of Bahrain Economic Vision 2030, involves deep tunnels with 47 inspection rooms. The tunnels will pass through four regions and meet at the main station in Hidd industrial city. The companies will use hi-tech methods to ensure traffic is not disrupted and reduce impact on the environment, the Minister added. Source: TradeArabia News Service"
Samsung closes Bahrain water plant deal"
A consortium led by Samsung Engineering has successfully completed the financing of the first public-private-partnership (PPP) project in Bahrain’s wastewater sector. The Muharraq Wastewater Treatment Plant, also the first PPP completed in the Middle East this year, has Invest AD and United Utilities as partners, said a statement from Samsung Engineering. The project involves the development of a greenfield 100,000 m3/day wastewater treatment plant (with potential expansion up to 160,000 m3/day) and a 15 km deep gravity sewer conveyance system under an availability based concession structure. Following a competitive bidding process, the consortium was awarded the project and entered into a long-term concession agreement with the Bahrain Ministry of Works on February 2. Source: TradeArabia News Service"
Bahrain discusses solar energy project"
Energy Minister Dr. Abdulhussain Mirza received Caspian Energy Consulting president Dr. Rob Sobhani and discussed co-operation in generating solar energy at Awali in co-operation with the US Petra Solar company. The project is part of plans to promote clean renewable sources of energy and rationalize consumption. The National Oil and Gas Authority has set up a team including representatives from the Economic Development Board, the Electricity and Water Authority, Bapco, the Finance Ministry and Bahrain University. It was commissioned to conduct a feasibility study into generating electricity using Bapco-run buildings in Awali. Source: TradeArabia News Service"
Bahrain mulls underground water reservoirs"
Bahrain is exploring the possibility of creating underground reservoirs as a way of tackling water shortages, said environmental experts. If given the go-ahead they would hold surplus treated waste water to be used for irrigation. A small scale study has already been conducted to assess the health risks of storing treated waste water and the experts are now proposing to hold a pilot study in the field. The proposal will be put forward in the Second National Communication on Climate Change that will be submitted to the United Nations next month. The report covers all aspects related to climate change, including its impact on water, health, biodiversity, sea level rise and coastal management. 'Treated waste water is used for irrigation and surpluses can be injected into the underground reservoir, but first we need to assess the health risks,' Arabian Gulf University academic affairs vice-president Professor Waleed Al Zubari said. Source: TradeArabia News Service"