UPDATE.

(From Gulf Construction)

Three in fray for Jubail power plant Jubail: Pre-qualified bidders for Saudi Arabia's multi-billion-dollar water and power plant project at the Gulf coast industrial city of Jubail have been grouped into three consortia

The first is led by Britain's International Power and includes Saudi Oger, Japan's Sumitomo, South Korea's Doosan Heavy Industries and Germany's Siemens as well as international and local banks

The second is led by Mitsui includes Korea Electric Power Company, Saudi Arabia's National Power Company and Mitsubishi Heavy Industries

A third is led by Tractebel includes Saudi Arabia's Bugshan, General Electric and South Korea's Hyundai Heavy Industries

Saudi Arabia is upgrading plans for the plant at Jubail to more than double its projected desalinated water output. This will result in a significant increase in desalinated water output from 300,000 to 800,000 cu m per day. Power output will be increased from 2,400 to 2,500 MW

Saudi Arabia to cut cement tariffs Riyadh: The kingdom will cut duties on cement imports to five per cent from 20 per cent to help meet rising domestic demand, Saudi media said