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Aqaba water company awards the advisory mandate for the first independent water project to Bankmuscat.


Summary: Aqaba Water Company (AWC (Association for Women in Computing, San Francisco, CA, www.awc-hq.org) A membership organization, founded in 1978, dedicated to the advancement of women in computing. It publishes newsletters, hosts seminars and annual conferences and recognizes distinguished women in the field with its ), the water and waste water utility in Aqaba signed an advisory agreement for the first Independent Water Project (IWP IWP International Writing Program (University of Iowa)
IWP Institute of World Politics
IWP Ice Water Path
IWP Immigrant Women Program
IWP Iraq Water Project
IWP Idaho White Pine (lumber) 
) in Jordan with BankMuscat SAOG SAOG Sachse Assembly of God (Texas church)
SAOG Satellite Operations Group
SAOG Société Anonyme Omanaise Générale (Oman)
SAOG Samoan Assemblies of God
, one of the leading banks in the region.

Aqaba water company awards the advisory mandate for the first independent water project to Bankmuscat

Aqaba Water Company (AWC), the water and waste water utility in Aqaba signed an advisory agreement for the first Independent Water Project (IWP) in Jordan with BankMuscat SAOG, one of the leading banks in the region.

BankMuscat along with Mott Macdonald The Mott MacDonald Group was formed in 1989 when Mott, Hay and Anderson, renowned for its contribution to transportation engineering, merged with Sir M MacDonald & Partners, distinguished by a long tradition of water-related projects.  (the technical advisor), Allen & Overy (International Legal advisor) and Khalifeh & Partners (Local legal advisor) won the mandate after competing with 10 international advisors. The advisory group will assist AWC in preparation of strategy report and managing the competitive bid process to select a private sector developer for the project.

The signing ceremony A signing ceremony is a ceremony in which a bill passed by a legislature is signed (approved) by an executive, thus becoming a law.

Modern-day signing ceremonies are derived from ceremonies that occurred when the British monarch gave Royal Assent to acts of Parliament.
 was held under the auspices of H.E. Engineer Ra'ed Abulso'oud, Minister of Water and Irrigation irrigation, in agriculture, artificial watering of the land. Although used chiefly in regions with annual rainfall of less than 20 in. (51 cm), it is also used in wetter areas to grow certain crops, e.g., rice. . The advisory agreement was signed by Mr. Emad Zreikat, Director General of the Aqaba Water Company and Mr. Sulaiman bin Mohamed Bin Hamed Al Yahyai- Director, Bank Muscat S Muscat, Maskat, or Masqat (all: mŭs`kăt, mŭs`kət), city (1993 pop. 533,774), capital of Oman, SE Arabia, on the Gulf of Oman. It is flanked by rugged mountains. .A.O.G. The occasion was graced by H.E. Musallam Bin Bakhit Al-Barami, Ambassador of Sultanate of Oman to Hashemite Kingdom of Jordon, H.E. Engineer Imad FakhoryCo The CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Aqaba Development Company the Vice president of AWC Board of Directors and other Board members, Management and the advisory team.

Mr. Sulaiman Yahyai thanked AWC on behalf of BankMuscat and its partners. He said, C[pounds sterling]We are quite excited about our partnership with AWC. We are especially honoured, as this deal, is the first for BankMuscat in Jordan, and hope will lay the foundation for many more opportunities to work together in the years to come. We are committed to working together with AWC to complete the transaction successfully.C[yen]

All the Advisory team members are highly reputed and are consistently ranked highly by leading infrastructure magazines. A leading project finance magazine, CyInfrastructure JournalCO has recently announced its rankings for the first half of the current year.  BankMuscat is ranked third among the financial advisors in the Africa & Middle East for project finance mandates won.  MottMacDonald has been ranked second among the technical advisors in Africa and Middle East and  Allen & Overy third among legal advisors in Africa and Middle East for project finance mandates closed during the first half of the current year.

The advisory group has wide international experience of working in Europe, Middle East and Asian sub continent. A[umlaut umlaut (m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] 2008 Al Bawaba (www.albawaba.com)

A[umlaut] 2008 Al Bawaba (Albawaba.com)

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Publication:Albawaba.com
Date:Aug 19, 2008
Words:452
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