Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- German Central Bank Chief: US Tariffs Would Eat Up German Growth in 2025
- Gold Eases on Firmer Dollar, Solid US Data
- Qatar announces budget for Q2 2025; total revenues reach QR59.8bn
- 'Qatar Stock Exchange index balanced, maintains support points'
- QNB Group mandates several banks to arrange USD benchmark bond issuance
- Saudi bank loans hit $845bn as corporate lending booms
- Riyadh Expo 2030 hosts reception in Osaka to boost international cooperation
- Jazeera Airways launches customer experience platform
- Al Mazunah Free Zone sees growth in cargo movement, attracts 8 new projects
- China Says Successful US Trade Talks Make Return to Tariff War Unnecessary
24/01/2018 07:22 AST
Saudi Arabia is set to build nine desalination plants on the Red Sea coast at an investment of more than SR2 billion ($530 million), said a report.
The plants will have capacity of 240,000 cu m of water per day and will be completed in less than 18 months, reported The Saudi Gazette citing Minister of Environment, Water and Agriculture Abdulrahman Al-Fadhli.
The project, which the minister said was ordered by Custodian of the Two Holy Mosques King Salman in a royal decree, will help government-owned Saudi Saline Water Conversion Corp (SWCC) raise production efficiency and cut operating and capital costs, stated Fadhli.
The Kingdom is the largest producer of desalinated water in the world.
According to SWCC, the Kingdom has raised its desalinated water production to five million cubic meters per day (m3/d) at the end of 2017.
Trade Arabia
| Ticker | Price | Volume |
|---|
18/07/2025
The State of Qatar's general budget recorded a deficit of QR0.8bn during Q2 2025 (April, May, and June), the Ministry of Finance (MoF) announced yesterday.
In a statement published on its ac
The Peninsula
18/07/2025
Saudi banks' total outstanding loans reached SR3.17 trillion ($844.7 billion) at the end of May, an annual increase of 16.28 percent, according to the latest official data.
Figures released
Arab News
18/07/2025
Riyadh Expo 2030, in collaboration with the Kingdom's Embassy in Japan, hosted a reception in Osaka on Thursday to highlight Saudi Arabia's readiness and promise to deliver an exceptional World Expo.
Arab News
18/07/2025
The total investment volume in Al Mazunah Free Zone in Dhofar Governorate has reached OMR140.17 million. This follows the attraction of eight diverse projects valued at OMR165,000 over the past peri
Times of Oman
18/07/2025
International retail brands attracted by social and economic shifts in Saudi Arabia are set to deliver real estate sector growth to the Kingdom, according to an analysis.
In its latest repor
Arab News
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia