Bids returned to attract investment into Saudi Arabia's power and water sectors

08 September 2003

Most of the bids received come from banks, law firms and management consultants

Saudi ArabiaBids were returned to the Electricity Services Regulatory Authority (ESRA) by the 1 September deadline for the mandate to advise on the establishment of an incentive scheme aimed at attracting investment into the power and water sectors.

‘The invitation letter outlines what will probably be a six-month pure advisory contract for the setting up of a programme aimed at attracting private sector participation and investment in Saudi Arabia’s electricity services and water desalination sectors,’ says one of the bidders. ‘The winner of the mandate will help develop the legal environment, the taxation structure and a commercial incentives programme.’

It is understood that most of the bids received have come from teams of banks, law firms and management consultants. ‘We are expecting a shortlist of maybe two bidders to be selected over the next three weeks and for them to be called back for further presentations,’ says the bidder.

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