we anticipate 1) a rationalization of subsidies for water and
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Water and Agriculture is looking to 1) optimize the
water and electricity administered price changes introduced in
US$2.0bn and US$3.8bn to central government revenues if fully
water and electricity prices to add 1.3-1.5ppt to CPI inflation due to
c0.4% and 1.6% respectively). We think a 5% VAT tax
Sea World) represents a potential threat to Jarir and
coupled with capacity building and introduction of modern
will broaden the tax base and minimize tax evasion.
the timing of when there projects come online and how it
while higher electricity and water charges would not.
other Middle Eastern countries (19%) and Western Europe (12%).
especially in regards to SEC’s capital structure and
electricity sourced from SWCC and fees owed to municipalities) instead of
has developed a proven expertise in wind and solar projects