Israel’s IDE Technology Beats out China-Based Firm’s Desalinization Plant Tender
The Israeli company IDE Technologies on Tuesday won the tender to build what is expected to be the world’s largest seawater desalinization plant—worth $1.5 billion—at Nahal Sorek, near the Palmachim air base, south of Tel Aviv.
The Israeli firm beat a bid by Hong Kong-based multinational conglomerate CK Hutchison Holdings to construct and operate...