Japanese trading house Mitsui & Company will invest in a power and desalination project in Qatar expected to be worth more than 400 billion yen ($4 billion), according to reports.

Mitsui and a Belgian unit of French conglomerate Suez will each take a 20 per cent stake in a venture to oversee the project. State-run Qatar Petroleum and others will hold the remaining stake.
The venture will manage the construction of power generating and water desalination facilities in the Ras Laffan Industrial City about 80 km northeast of Doha.
Mitsui is expected to shoulder about 25 billion yen of the project investment. The power station is expected to have an output of 2.7 million kW, or the equivalent to two nuclear power plants, while the water facilities will be able to supply some 800,000 people with water for 25 years, the report adds.