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- Rafal to develop 4 hotels in Riyadh, Tilal Khuzam units accessible from $1,867 monthly: CEO
- Nasdaq tumbles on renewed angst over AI building boom
- Kuwait Airways, Sri Lankan Airlines strengthen codeshare agreement to expand travel
- Bahrain All Share Index, Islamic Index close higher
- Trump vows economic boom, blames Biden in address to nation
- Landmark India-Oman economic pact set to transform bilateral trade
- Ajman Bank launches digital extension scheme to boost smart services
- Tecom Group launches Dh615 million Innovation Hub Phase 4 in Dubai Internet City
- Global M&A deals hit $4.8bn on strong tech and AI deals
- Kuwait to award $3.9bn EPC contract for Al Kabeer Port Phase I
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 |
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19/12/2025
Rafal Real Estate Development Co, a Saudi developer, plans to advance its expansion strategy, with investments in Riyadh reaching about SR6.5 billion ($1.73 billion) by 2025.
The company aim
Arab News
19/12/2025
The Saudi government's Absher digital services platform generates more than SR20 billion ($5.3 billion) in annual economic impact, highlighting the scale of savings created by the Kingdom's transitio
Arab News
19/12/2025
India and Oman have formally entered into a Comprehensive Economic Partnership Agreement (CEPA), marking a historic milestone in their strategic and economic relations. Signed under the guidance of P
Muscat Daily
19/12/2025
Work will soon start on the Mubarak Al Kabeer Port development in Kuwait following the approval from the State Audit Bureau allocating funds worth KD1.2 billion ($3.9 billion) to carry out engineerin
Trade Arabia
19/12/2025
The total value of Bahrain's non-oil exports (national origin) increased to BD317 million ($836 million) over the last year's figures of BD316 million ($833 million), according to a report by Informa
Trade Arabia
Financial Information Co.
Saudi Arabia