Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Presight Q3 revenue up 15.3%; firm accelerates global expansion
- Abu Dhabi Islamic launches debut AED-denominated sukuk for investors
- Al Salam Bank delivers record profitability in Q3
- flynas launches "Saudi Experiences" to boost tourism, support communities
- Adnoc Gas records Q3 net income of $1.3bn, up 8pc
- Jacobs JV with AECOM to deliver design services for Riyadh's The Mukaab
- TAQA reports 9-month profit of $1.66bn
- Asian stocks rise with focus on Fed, tech as US government reopens
- KIPCO reports a net profit of KD 13.4 m for first 9 months
- Ahli Bank issues QAR 500 million bonds
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 |
|---|
14/11/2025
Jacobs, in joint venture with AECOM, has been appointed by New Murabba Development Company to provide design services for the landmark The Mukaab - the iconic centerpiece of Riyadh's New Murabba deve
Trade Arabia
14/11/2025
The Qatar Investment Authority (QIA), the country's sovereign wealth fund, has invested in d-Matrix, a pioneer in generative AI (artificial intelligence) inference for data centres.
Valued a
Gulf Times
14/11/2025
The UAE is emerging as a standout performer in the Gulf, transforming lower oil prices into a catalyst for innovation, trade expansion, and sustainable growth. As Opec+ increases production and cr
Khaleej Times
14/11/2025
Midad Real Estate Co. has entered a landmark joint venture with Jeddah Central Development Co. - a subsidiary of the Public Investment Fund - and Kerzner International, the global hospitality group b
Arab News
14/11/2025
King Saud University's College of Engineering is positioning itself as a proving ground for a new kind of Saudi engineer - one who treats AI not as a mere software tool, but as an engineering layer t
Arab News
Financial Information Co.
Saudi Arabia