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- Record-breaking results: Boursa Kuwait net profit climbs 59.81% to KD 23.05 million
- Gulf Bank holds its third quarter 2025 earnings webcast, discusses results
- NBK is redefining future of finance by integrating digital services into people's lives: Al-Kharafi
- Integrated Gas Co. seals major deals worth over OMR3.4bn to fortify national energy strategy
- Samail Industrial City attracts 19 new projects worth over RO35mn in H1
- Qatar Stock Exchange-listed companies record QR 41.1 billion in net profits for Q3 2025
- Qatar's nominal GDP forecast to exceed $249bn in 2026
- Qatari German Medical Devices to strengthen regional and global presence
- Investcorp completes $1.2bn investments in Q1 of fiscal 2026; plans to deploy $6bn
- Saudi Arabia eyes investments in advanced manufacturing technologies, marine industries
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
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03/11/2025
In a strategic move to bolster Oman's energy infrastructure, the Integrated Gas Company has finalised 19 strategic gas agreements and memoranda of understanding (MoUs) with local and international fi
Times of Oman
03/11/2025
Samail Industrial City, operating under the Public Establishment for Industrial Estates (Madayn), received 26 investment applications during the first half of 2025, of which 19 projects were localise
Muscat Daily
03/11/2025
Qatar's nominal GDP has been forecast to exceed $230bn by the end of this year and $249bn in 2026, according to Emirates NBD.
Emirates NBD has forecast Qatar's real GDP growth at 2.64% this
Gulf Times
03/11/2025
Saudi Arabia's Minister of Industry and Mineral Resources Bandar Alkhorayef held bilateral meetings with leaders of several global companies specialising in advanced manufacturing technologies and ma
Trade Arabia
03/11/2025
The land transport sector of Qatar saw a robust growth in the first nine months of this year. The Ministry of Transport (MoT) completed 9,256 transactions through the Land Transport Sector in first t
The Peninsula
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