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MENA Projects and the Impact of COVID-19Understanding the COVID-19 outbreak, its impact and implications for the MENA projects market

June 3, 2020

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1. COVID-19 Infection and Economic Update

5

Infection Rates Continue to Increase

Impact of COVID-19 +/- change between 26 May 2020 and 28 May 2020

as of 28th May, 2020

Source: GlobalData Analysis; 2019 Novel Coronavirus COVID-19 (2019-nCoV) Data Repository by Johns Hopkins CSSE

Note: Confirmed cases of COVID-19 does not represent the true extent of cases in each country. The number of confirmed cases is heavily dependent on the extent of testing.

196,729 new cases sinceTuesday’s briefing

CONFIRMED CASES

5,691,788 +196,729

IN TREATMENT

2,986,071 +68,982

RECOVERED

2,350,088 +118,350

DEATHS

355,629 +9,397

COUNTRIES/TERRITORIES AFFECTED

189

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

01/Jan/2020 01/Feb/2020 01/Mar/2020 01/Apr/2020 01/May/2020

Deaths Recovered In Treatment

6

COVID-19 has Impacted the World’s Top Economies…

Source: MEED/GlobalData Analysis; Press Articles; 2019 Novel Coronavirus COVID-19 (2019-nCoV) Data Repository by Johns Hopkins CSSE; World Health Organization; Trading Economics; Investing.com; Bloomberg; Oxford COVID-19 Government Response Tracker (OxCGRT).

Note: Case Fatality Rate is the ratio of total death to total confirmed case. Market Index data is based on MSCI index of respective country. GDP growth estimates are based on consensus data from various analysts and firms. Stringency index, created by Oxford COVID-19 Government Response Tracker (OxCGRT), is the aggregated score based on several different common policy responses governments have taken, such as school and workplace closures and restrictions on travel and gatherings etc.

GDP Growth(2020 Estimate)

United States 1,699,176 5,133 100,418 5.9% 4,984 70 -7.6% -4.9% -5.3%

China 82,995 58 4,634 5.6% 873 75.95 -6.1% -5.7% 0.8%

Japan 16,651 132 858 5.2% 2,170 33.57 -24.7% -8.2% -5.0%

Germany 181,524 2,167 8,428 4.6% 1,231 67.38 -10.9% -12.8% -6.5%

India 158,086 115 4,534 2.9% 266 77.62 -24.7% -20.3% 2.1%

United Kingdom 268,619 3,957 37,542 14.0% 446 72.62 -7.6% -19.2% -8.7%

France 183,038 2,804 28,599 15.6% 475 85.24 -10.7% -20.6% -9.0%

Italy 231,139 3,823 33,072 14.3% 1,365 76.43 -25.9% -25.0% -10.8%

Brazil 411,821 1,937 25,598 6.2% 149 63.33 -13.5% -41.9% -4.3%

Canada 88,989 2,358 6,876 7.7% 142 68.1 -6.9% -10.6% -6.5%

(YTD Change)

Stimulus ($ Bill ion)

Stringency IndexCountries Confirmed

Cases

Cases per

Million CapitaDeaths

Case Fatality

RateActive Jobs (30 Day Change)

Market Index

7

Consensus Expects a Global Recession

Estimated 2020 GDP GrowthGDP data as of 26h May, 2020

Source: MEED/GlobalData Analysis; National Statistics Office; The World Bank; Broker Estimates; BBC; Twitter; Reuters

Forecasters Sound the Alarm

Finance Commission of India forecasts country’s GDP growth to stay within a range of -6% to1% in FY2020-2021. (May 22)

The Congressional Budget Office of the US foresees economic growth to contract by 11% inQ2 2020 and deficit to swell to $2 trillion in 2020. (May 19)

Deloitte has downgraded its 2020 UK GDP forecast, with an expected contraction of 11.7%compared to its previous estimate of 6.8%. (May 19)

Goldman Sachs revised its 2020 growth estimates downward for India to -3.6% in May, from-2.6% in April. (May 17)

HSBC revised its global economic growth forecast for 2020 to -4.8% in May from -3.3% inApril. The bank downgraded estimates for both developed (-7.1% from -5.9%) and emergingnations (-1.7% from 0.5%). It forecasts the US to contract by 7% and China to grow at aslower pace of 1.7%. (May 15)

Goldman Sachs estimates the US economy to shrink by 39% in Q2 2020. (May 14)

According to Bank Negara Malaysia, the country’s economy grew by 0.7% YoY in Q1 2020.They forecast real GDP to shrink in the second quarter. (May 13)

The European Commission predicts the EU economy will contract by 7.5% in 2020 butexpects a recovery in 2021 despite exceptional uncertainty. (May 6, 2020)

The Spanish government forecasts GDP to contract by 9.2% in 2020 expects 6.8% GDPgrowth next year. (May 2, 2020)Note: Estimates on 2020 GDP growth based on multiple broker projections

Real GDP Growth (%) Rate Projections

Low Estimate Mean Estimate High Estimate

India

UK

France

Italy

Brazil

Canada

Worldwide

Germany

Japan

China

US

-1.9%

-5.3%

0.8%

-5.0%

-6.5%

2.1%

-8.7%

-9.0%

-10.8%

-4.3%

-6.5%

-4.5%

-8.9%

-4.3%

-7.1%

-9.9%

-7.3%

-13.6%

-10.7%

-18.0%

-7.7%

-11.1%

2.6%

1.6%

3.3%

-1.8%

-2.7%

4.9%

-4.5%

-5.1%

-7.0%

-0.1%

-3.0%

-18.00% -14.00% -10.00% -6.00% -2.00% 2.00%

8

Major Markets are Improving; Oil Price Dips Below Zero but Rebounds Quickly

Source: MEED/GlobalData Analysis; Yahoo Finance; Investing.com; Bloomberg

Impact of COVID-19 on Asset PricesYear-to-date performance, Indexed to 100 as of 26th May, 2020

All indices rebased to 100 on 1 January 2020

-10

10

30

50

70

90

110

01-Jan-2020 31-Jan-2020 01-Mar-2020 31-Mar-2020 30-Apr-2020

Ind

ex, N

orm

aliz

ed*

Crude Oil NASDAQ DAX FTSE 100 MSCI ACWI

All indices rebased to 100 on 1 January 2020

April 2020

Oil price dipped below zero due to supply glut and weak demand. The price has since rebounded after cuts in production

March 2020

Volatility significantly increased across major markets

April 2020

Oil surges over 35% after Saudi Arabia and Russia ends price war, but loses all its gains

May 2020

Oil price surges as global supply curtailed (OPEC+ and the US reduced production)

9

The MENA Region Has Also Been Impacted

Source: WHO, MEED

After Iran, Saudi Arabiahas been the hardest hitnation of the MENAregion, followed by Qatarand the UAE. On a percapita basis Algeria,Egypt and Morocco aredealing with thepandemic well althoughthis may also be due tolower testing rates.

There are indicators thatwe are beyond the worstin many countriesalthough Iran recentlyvoiced fears of a secondwave of infections

More than 440,000 cases in the MENA region

2. Projects Impact

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Projects Impact: Government Reaction

Government Policy Reactionsas of 2 June, 2020

Dubai: department of finance tells all government agencies to cut capital spending by 50% and delay new projects. Also asks forreduced spending on ongoing construction projects

Abu Dhabi: Adnoc asks suppliers and contractors for “cost savings”, cancels $1.6bn Dalma EPC contracts

Oman: all state-run companies to cut expenditure by 10%. All government-owned firms to stop implementation of new projects

Saudi Arabia: Finance Minister - “We must reduce budget expenditures sharply … Saudi finances need more discipline and the roadahead is long.”

Iraq: Force Majeure declared on all public sector contracts

Egypt: New capital and Grand Egyptian Museum opening delayed to 2021

Bahrain: Government departments and ministries have operating costs cut by 30%; some construction projects rescheduled to save oncosts

Algeria: 2020 budget slashed by 50% as oil and gas revenues expected to drop by similar amount

Qatar: recent bond prospectus revealed government plans to postpone $8.2bn of un-awarded capital projects

Jordan: officials say $14bn budget will be cut and refocused on social spending

In most instances, the full impact of COVID-19 on public spending still remains unknown while governments priorities expenditure andcapital programmes. Simply put, we just don’t know what is going to happen and won’t know for some time.

Some assumptions

Spending will be reduced but it is not going to just stop. Tenders are still being issued and awards are still being made. It is not the end ofthe world as we know it.

We can assume that governments will prioritise social spending and utilities projects when revising their project programmes

The private sector’s concerns are quite distinct. Financing may already be allocated but the uncertainty arises from a drop in demand.Expect retail, tourism and real estate projects – the worst affected sectors – to be delayed or cancelled in many cases

For the short term, workon construction projectsis continuing, but it isslowing as measures tocontrol the spread of thevirus are introduced.Contractors have had toreduce working hoursonsite as curfews areintroduced, and socialdistancing measureshave meant the numberof people working on sitehas been reduced

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49378

39139

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

2015 2016 2017 2018 2019 2020

First Five Months’ Impact

MENA Projects Spending Declines 21% in first 5 months of yearSharp declines almost everywhere

Source: MEED Projects

MENA Contract Awards by Selected Country, Jan-May 2017-20 ($m) Total MENA Contract Awards, Jan-May 2015-20 ($m)

YoY decline of 21%

0

5,000

10,000

15,000

20,000

25,000

Bahrain Egypt Iraq Jordan Kuwait Oman Qatar SaudiArabia

UAE

2017 2018 2019 2020

13

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Bahrain Egypt Iraq Jordan Kuwait Oman Qatar SaudiArabia

UAE

2017 2018 2019 2020

9015

1715

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2015 2016 2017 2018 2019 2020

May Impact

MENA Projects Spending Declines 81% in May YoYSpending collapses everywhere


MENA Contract Awards by Selected Country, May 2017-20 ($m) Total MENA Contract Awards, May 2015-20 ($m)

Total spending collapse in every market bar Qatar

YoY decline of 81%

14

1554

20849

1058

2431

6495

4029

6639 6323

425

12951

3190

540

4364 4459

8896

4314

0

5,000

10,000

15,000

20,000

25,000

30,000

Chemical Construction Gas Industrial Oil Power Transport Water

2017 2018 2019 2020

Sector Impact

Sector Spending Hit Across the BoardConstruction Sector Hit Hard


MENA Contract Awards by Sector, Jan-May 2017-20 ($m) Total MENA Contract Awards by Sector, May 2015-20 ($m)

Construction spending for first five monthsdown 38% YoY

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Chemical Construction Gas Industrial Oil Power Transport Water

2017 2018 2019 2020

15

Awarded Contracts

Recent Contract AwardsLife still goes on


Selected GCC Projects Awarded in April and May 2020

Project Country Industry Value ($m)

Block 7 - Innovation Hub and Academic Campus in Abu Dhabi UAE Construction 1,800

SWPC - Jubail 3A IWP Saudi Arabia Water 650

USACE - Falcon 5/F-15QA Bed Down Project Qatar Construction 524

Saudi Aramco - South Ghawar UR Field Development Program: Transmission pipelines Saudi Arabia Gas 400

Saudi Aramco - South Ghawar UR Field Development Program: 37 Wells Tie-In Saudi Arabia Gas 400

QPC - Qetaifan Island North: Phase I: Package 05 Qatar Construction 190

ASAAS - Hayy Al Sharq: 3 and 4 Star Hotels Oman Construction 120

QPC – Qetaifan Island North: Phase 1: Package 6 Qatar Construction 109

Fujairah Port - New Port at Dibba: Package 3 UAE Construction 100

Mubadala - Al Maryah Island: Fire & Life Safety Requirement for Service Roads UAE Transport 95

QPC - Qetaifan Island North: Phase 1: Package 03 Qatar Construction 90

HIA - Hamad International Airport Expansion: Baggage Conveyor Systems Qatar Transport 90

N&S – Mega Livestock Hub in Suwaiq Oman Construction 80

KAHRAMAA - Facility E Transmission Pipeline Qatar Water 80

Ministry of Works - Juffair to Tubli Trunk Sewer Bahrain Water 80

Gulf Finance House - Bahrain Financial Harbour: Mama Shelter Hotel Bahrain Construction 80

US Army Corps of Engineers - Utilities and Shoring Package Kuwait Construction 75

DEWA - 132/11kV Cable and Associated Works UAE Power 74

SEC - New Faisaliah Solar PV 380/110kV BSP S/S Saudi Arabia Power 67

Oman Investment Corporation – Women and Children Hospital in Sohar Oman Construction 65

MediCare - Al Ahli Hospital Expansion: Phase 2 Qatar Construction 64

Imkan - Al Jurf: Al Jurf Gardens UAE Construction 64

ASHGHAL - College of Medicine and Health Sciences Qatar Construction 60

UYC - King Abdullah Financial District: Novotel Hotel Saudi Arabia Construction 43

16

287

10578

44

47

443

580

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

0

100

200

300

400

500

600

700

Industrial Chemical Water Power Oil Gas Transport Construction

Estimated Value ($m) Number of Projects

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Impacted Projects and Sector

Sector Spending Hit Across the BoardConstruction Sector Hit Hardest in Terms of Number but Transport and Gas Sectors Hit Hardest Proportionally


Known GCC projects delayed, suspended or cancelled due to COVID-19 Known GCC projects delayed, suspended or cancelled due to COVID-19 by sector

13

34

107

85

194

529

383

1332

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

0

200

400

600

800

1000

1200

1400

Bahrain Kuwait Oman Qatar Saudi Arabia UAE Total

Estimated Value ($m) Number of Projects

1,332 projects known to have been impacted by COVID-19 in the GCC, worth $463bn

22 28 321615

16= % of all active projects in sector

17

Chemical

Construction

Gas

Industrial

Oil

Power

Transport

Water

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

0 2 4 6 8 10 12

Nu

mb

er o

f p

roje

cts

Risk – 1=lowest, 10=highest

Bubble size = relative size of sector

Sector Impact

Some Sectors Appear More at Risk of Delays/Cancellations Than OthersTransport and Gas projects most at risk


Delay/Cancellation Risk vs Size of Opportunity

3. Short Term Opportunities

19

Short Term Outlook

Contracts in TenderNot all will proceed


Selected GCC Projects in Tender


Qatargas - LNG Processing Trains (EPC-1) Qatar Gas 20,000

REPDO - Renewable Energy Program: Round 2 Saudi Arabia Power 7,020

ADNOC - Hail and Ghasha Sour Gas Development: Package 4 UAE Gas 5,000

ADWEA - Taweelah B Independent Water and Power Plant (IWPP) Upgrade UAE Power 3,000

KAHRAMAA - Facility E IWPP Qatar Power 3,000


DAEP - AMIA Expansion: Concourse 1 & West Terminal Building (Substructure Works) UAE Transport 2,700

Saudi Aramco - SUGCP: Shedgum & Uthmaniya Gas Compression Plant: Package 1 & 2 Saudi Arabia Gas 2,500



QIC - The Qiddiya Project: Public Facilities Saudi Arabia Construction 1,592

Saudi Aramco - Jafurah Gas Plant: Processing Plant (Package-2) Saudi Arabia Gas 1,500

ADNOC/Total/PetroChina/ENI - Umm Shaif Gas Cap Condensate Development: Phase 1 UAE Gas 1,500

Emaar - Dubai Creek Harbour: Dubai Creek Tower UAE Construction 1,500

Qatargas - Lean LNG Storage and Loading Expansion (EPC-2) Qatar Gas 1,500

DOE - Al Dhafra Second Solar IPP UAE Power 1,200



Qatargas - RLTO and Offplot Facility (EPC-3) Qatar Gas 1,200

KNPC - Al Dibdibah Solar PV Power Plant in Shagaya Renewable Energy Complex Kuwait Power 1,200

Al Yasat Petroleum Operations - Belbazem Full Field Development UAE Gas 1,000

Total - Sohar LNG Bunkering Facility Oman Oil 1,000

MOTC - Diba-Lima-Khasab Road: Section 2 Oman Transport 1,000

Saudi Aramco - Jafurah Gas Plant: Gas Compression Plant (Package 1) Saudi Arabia Gas 1,000

MPW - Mubarak Al-Kabeer Seaport Project: Phase 1: Package 3A Kuwait Construction 904

MPW - Kuwait Airport Expansion: New Passenger Terminal II: Landside Works Kuwait Transport 900

TDIC - Saadiyat Island Development : Saadiyat Lagoons District UAE Construction 800

REPDO - Renewable Energy Program: Round 2: 600 MW Alfaisalia Power Plant Saudi Arabia Power 800

KFSH – Staff Accommodation facility Saudi Arabia Construction 800

MPW - Regional Road South Part Project: Central Section Kuwait Transport 750

SWPC - Jubail 3B IWP Saudi Arabia Water 700

TDIC / Guggenheim Foundation - Saadiyat Island: Guggenheim Abu Dhabi Museum UAE Construction 680

EETC/SEC - Saudi Egypt Power Interconnection: Madina-Tabuk-Aqaba Line Saudi Arabia Power 650

20

104957

31751

127254

82953

61081

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Bahrain Kuwait Oman Qatar Saudi Arabia UAE Total

2019 Actual 2020 Jan-May actual Original 2020 forecast

Revised 2020 forecast (3 month lockdown) Revised 2020 forecast (6 month lockdown)

COVID-19 Impact: Revised GCC Forecasts 2020

Forecast projects spending, GCC ($m)as of 2 June, 2020

MEED Projects has revised down further its forecasts for 2020 based on May data and the impact of government cuts in spending in the GCC.Assuming a 3-month period of relative economic activity, the new forecast predicts some $83bn worth of contracts awarded this year, comparedwith an original forecast of $127bn. If the current slow rate of activity were to continue almost to the end of the year, then the expectation is forjust $61bn worth of contracts signed, a fall of 52% on the original prediction.

MEED Projectspredicts a sharpcontraction in projectawards across majormarkets asgovernments rein inspending. In a worstcase scenario, capitalexpenditure will fall52% from the originalforecast to just $61bnin 2020. This wouldmark the market’sworst performance ina generation.


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COVID-19 Impact: Revised GCC Forecasts Longer Term

Forecast projects spending, GCC ($m)as of 2 June, 2020

Our outlook for the period 2020-2022 is based on 2 separate scenarios. In the best case scenario, the oil price returns to the 2019 average and theimpact of COVID-19 is less severe as the economy returns to normal and demand increases. In the worst case scenario, oil remains at or below $30 abarrel and there is a longer term impact of COVID-19 as certain sectors take longer to return to normal.

The outlook for 2021and 2022 contractawards ranges frombetween $80bn ofannual deals to$110bn depending onthe long-term severityof COVID-19 and theoil price. At best themarket will return to2019 levels by notsignificantly higher


0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

200,000

2014 2015 2016 2017 2018 2019 2020F bestcase

2020F worstcase

2021F bestcase

2021F worstcase

2022F bestcase

2022F worstcase

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Future Pipeline

MENA Projects Pipeline ($m)as of 5 May, 2020

Despite the bleak short-term outlook, the MENAregion as a whole has aconsiderable pipeline ofmore than $3 trillionworth of projects. Aprime consideration forgovernments post-COVID-19 and in an eraof potentially muchlower oil prices is how tofinance and implementtheir project plans withmuch lower revenues.Expect therefore agreater emphasis onprivate sectorinvolvement andborrowing to hit theirtargets

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Tunisia Morocco Jordan Bahrain Algeria Oman Qatar Iran Kuwait Iraq Egypt UAE Saudi Arabia


4. Key Project Profiles

24SALALAH-THUMRAIT TRUCK ROAD PPP

Scope:An 80km-long road through the DhofarMountains surrounding Salalah to reduce journey times from 2.5 hours to less than 1.Will involve the construction of multiple tunnels and viaducts to reduce the gradient.If built, will be first successful PPP road in theGCC.

Client: Implementation Support & Follow-upUnit (ISFU)

Stage: RFQ for transaction advisers

Estimated value: $500m

25KING HUSSEIN BRIDGE CROSSING TERMINAL

2

5

Scope:The design, build, finance and operation of a new terminal and ancillary facilities for passengers and cargo at the King Hussein (Allenby) Bridge in Jordan.

Developer: Jordanian Ministry of Public Works & Housing advised by the IFC

Stage: Expressions of interest submitted by international firms last week for the concession


26AL-ANSAR HOSPITAL PROJECT

2

6

Scope:Construction, financing, equipment procurement and operation of a new 244-bed hospital for pilgrims and city residents close to Al-Masjid Al-Nabawimosque in Medina, Saudi Arabia. Part of the Saudi Vision 2030 program.

Client: National Centre for Privatization & PPP

Stage: RFP awaited – 87 developers, hospital operators, architects and contractors submitted expressions of interest in March


27KING HAMAD CAUSEWAY PROJECT

2

Scope:Design, build, finance and operation of a new 25km-long road and rail causeway between Saudi Arabia and Bahrain. Could also include undersea tunnel.

Stage: Legal, technical and financial advisory contracts signed last October. Prequalification process for developers expected in 2021

Estimated value: $3.5 billion

Client: King Fahd Causeway Authority

28BASRA TO AQABA OIL PIPELINE

2

Scope:25-year BOOT contract covering a 348km, 56-inch pipeline between Rumaila field and Najaf and a 1,145km 42 inch export pipeline between Najaf and Aqaba. Also involves 9 pumping stations, and 27 block valve stations

Status: Technical bids from a number of international contractors due to be submitted on 2 August

Client: Ministry of Oil

Estimated value: $5 billion-plus

29SCHOOLS PPPs

2

Qatar Schools ProgramScope: Design, Build, Finance, Operation, Maintenance and Transfer of 8 primary and secondary schools as part of first phase

Status: Consortium of Barwa and Al-Jaber recently selected for first concession agreement

Client: Ashghal


Saudi Schools ProgramScope: Design, finance, build and maintain 60 schools in Medina to serve 50,000 students

Status: Expressions of Interest Received in December from interested developers

Client: Tatweer Buildings Company

Estimated Value: $500 million-plus

30

PPP Projects

Future PPP Projects in the MENA RegionNot all will proceed


Future MENA PPP Projects Project Country Industry Value ($m)

JRSP Company - Red Sea-Dead Sea Water Conveyance Jordan Water 9,050


MoO - Iraq Strategic Crude Oil Export Pipeline: Haditha - Aqaba Pipeline Iraq Oil 8,000

KAPP / PART - Kuwait National Rail Road : Phase 1 Kuwait Transport 8,000


PTA - Saudi Landbridge Saudi Arabia Transport 7,000

SCOP - Iraq Strategic Crude Oil Export Pipeline: Najaf -Aqaba Pipeline Iraq Oil 6,000

MOT - Bahrain Integrated Public Transport Network program Bahrain Transport 5,900

TUSROC - Tehran Metro Expansion : Line 8,9 and 10 Iran Transport 5,800

KRG Ministry of Natural Resources - Refinery in Erbil Iraq Oil 4,800

Ministry of Oil - Fao Refinery and Petrochemical Complex Iraq Oil 4,250

NAT - Cairo Metro Network: Line 6 Egypt Transport 4,000

EETC - Photovoltaic Power Plant (3,000 MW) in Asyut Egypt Power 3,500

Tunisia OMMP - Enfidha Deepwater Port Tunisia Transport 3,200

KAPP - Al Zour North IWPP: Phase 2 & 3: Power Plant Kuwait Power 3,000

ADWEA - Taweelah B Independent Water and Power Plant (IWPP) Upgrade UAE Power 3,000

KAHRAMAA - Facility E IWPP Qatar Power 3,000

KAPP/MEW - Al Khiran IWPP Plant 1800 MW Kuwait Power 2,750

MASEN - Moroccan Solar Plan: Foum Al Ouad Solar Power Plant Morocco Power 2,105

KAPP - Doha East Power & Desalination Plant (IWPP) Kuwait Power 2,000


Ministry of Oil - Samawah Refinery Iraq Oil 2,000


OPWP - 1200MW Duqm Coal Fired IPP Oman Power 1,200

Saudi Aramco - Jubail Petcoke Cogeneration Power Plant Saudi Arabia Power 1,000

Government of Iran/KEPCO - Chabahar Power Plant Iran Power 1,000

JRSP Company - Red Sea-Dead Sea Water Conveyance: Phase I Jordan Water 950

MEW - Al Zour North IWPP: Phase 2 & 3: Water Desalination Plant Kuwait Water 941

Lebanese Center for Energy Conservation - Lebanon Wind Power Program Round 2 Lebanon Power 920

REPDO - Renewable Energy Program Round 3: 700 MW Al Rass Power Plant Saudi Arabia Power 900

Ministry Of Electricity - Solar PV IPP at Karbala Iraq Power 900

ONEE - Gas to Power Project: LNG Import Terminal Morocco Gas 800

REPDO - Renewable Energy Program: Round 2: 600 MW Alfaisalia Power Plant Saudi Arabia Power 800

KFSH – Staff Accommodation facility Saudi Arabia Construction 800

KAPP - Al Zour North IWPP: Phase 5: Power Plant Kuwait Power 772

SWPC - Jubail 3B IWP Saudi Arabia Water 700

Ministry of Transport - Diwaniyah International Airport Iraq Transport 630

Ministry Of Electricity - Solar IPP at Iskandariya Iraq Power 600

5. Reports and Services

32

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THANK YOU

Ed James, Director of Content & Analysis, MEED Projects, [email protected], Twitter: @EdJamesMEED

mailto:[email protected]

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