The UAE capital is inviting companies to buy 40% of its sewerage sector in a privatisation plan.
Abu Dhabi is inviting companies to buy 40% of its sewerage sector in a privatisation plan the emirate says is a first for the region, the Khaleej Times reported on Wednesday.
Bids opened on Tuesday and the winner will be asked to arrange finance for two new sewerage treatment plants, the paper said, citing Sheikh Dhiyab bin Zayed al-Nahyan, chairman of the Abu Dhabi Water and Electricity Authority.
"The project is the first of its kind in the whole region," Sheikh Dhiyab said, according to the paper.
The bids ranged between 1.5 dirhams ($0.40) and 3.66 dirhams per cubic metre, the paper said. The winner will be announced in June.