GDF Suez in Qatar utility joint venture
Paris, October 16, 2008
GDF Suez has signed an agreement with Qatari state-owned companies Diar and Barwa to establish a multi-utility company in Qatar.
The company will be 51 percent held by Qatari interests and 49 percent by French interests, GDF said, without elaborating on the interests.
The joint venture will focus on multi-utility facilities and services in water treatment and distribution, waste water collection and treatment, power transmission and distribution and various energy services, it said.
The firm will assess and bid for multi-utilities projects and opportunities in Qatar, and potential customers would be Qatari Diar and Barwa projects, GDF said. - Reuters
More Miscellaneous Stories
- WTO overcomes last minute hitch to clinch key deal
- UAE food expo nets $544m deals
- Bleak outlook for WTO deal as rift widens
- Cargill picks top ME banker for Asia role
- Raytheon sees $5bn Mideast orders in 'weeks'
- Civil servants may get 20pc pay increase
- Bikers Cafe launched in Fujairah
- N Irish seafood firms eye Mideast market
- UAE experts warn of rising child abuse
- German pump specialist boosts ME presence