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Saturday, November 21, 2009 11:22 AM

Published 10/20/2009 by Arab Finance


Saudi cuts Ras Azzour cost estimate by 20-25 %

JUBAIL- Saudi Arabia expects the cost of a giant power and water desalination project to be 20-25 percent below initial estimates partly because the price of materials have fallen, the project's head said.

The project, in Ras Azzour on the Gulf coast, had been estimated...

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What others report on the same story

Saudi Ras Azzour project to cost 20-25pc less
Saudi Arabia expects the cost of a giant power and water desalination project to be 20-25 percent below initial estimates partly because the price of materials have ... - [10/20/2009 - Trade Arabia]
UPDATE 1-Saudi cuts Ras Azzour cost estimate by...
JUBAIL, Saudi Arabia, Oct 19 (Reuters) - Saudi Arabia expects the cost of a giant power and water desalination project to be 20-25 percent below initial estimates ... - [10/19/2009 - CNBC]
UPDATE 1-Saudi cuts Ras Azzour cost estimate by...
The project, in Ras Azzour, had been estimated to cost $6 billion when Japan's Sumitomo Corp led a consortium to build and operate the plant. Sumitomo said in May ... - [10/19/2009 - Interactive Investor International]

Quotes

...for the plant. "We expect the price to be less than the contractor's projections back then ... 20 percent ... maybe more..., the average is between 20 and 25 percent" Fuhaid bin Fahd al-Sharif...
Saudi cuts Ras Azzour cost estimate by 20-25 % [Arab Finance - 10/20/2009]
...on Monday. "Now, there's no turning back ... In fact, now is the real start of the execution of the aluminium smelter project" he said. Meanwhile...
Saudi cuts Ras Azzour cost estimate by 20-25 % [Arab Finance - 10/20/2009]

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