Kuwait's Umm al-Hayman Wastewater Treatment Plant project will sign financing agreements with banks soon for a more than a billion dollar expansion, its board chairman Bakheet al-Rashidi said on Tuesday.
The Kuwait Authority for Partnership Projects signed a deal with Kuwait's IFA and Germany's WTE Wassertechnik GmbH group for the 382 million Kuwaiti dinar ($1.26 billion) expansion of the plant in southern Kuwait last year.
Al-Rashidi, formerly Kuwait's minister of oil and minister of electricity and water, was speaking to reporters after the founding meeting of the company that will run the project.
