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Kahramaa to offer QAR 19bn investment openings until 2022

Kahramaa to offer QAR 19bn investment openings until 2022
The company is working on finishing the Water Mega Reservoirs project in the first quarter of 2018

Mubasher: President of Qatar General Electricity and Water Corporation (Kahramaa) Essa Bin Hilal Al Kuwari said that his company needs more than QAR 19 billion until 2022, according to Al Sharq newspaper.

Kahramaa needs QAR 7 billion to invest in direct procurements, with priority to the local Qatari market, and another QAR 12 billion in procurements through contracting, Al Kuwari said in his speech before “Buy Local Products” forum.

The company is working on finishing the Water Mega Reservoirs project in the first quarter of 2018, Al Kuwari added, noting that this will help securing the water needs of the country.

Kahramaa will sign an agreement next month with a Japanese research company to acquire a new water refinement technology, to transform industrial high-temperature water into drinking water, Al Kuwari added.