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- Bahrain All Share Index, Islamic Index close higher
- 'Get me out': Traders dump software stocks as AI fears erupt
- Saudi retail sector 'booming,' industry experts confirm at RLC Global Forum
- QNB puts in place a robust and dynamic cybersecurity framework
- Equities and precious metals rebound after Asia-wide rout
- NBK launches HR Business Partner Excellence Program jointly with Strategy Focused Group
- AD Ports gets $115m funding to advance Safaga terminal in Egypt
- Oman hosts IFSB Summit on future of Islamic finance
- Oman's refinery production rises 12.5% in 2025
- Acwa Power consortium signs $4.1bn Kuwait Az Azour IWPP project deal
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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04/02/2026
The potential of Saudi Arabia's retail sector is unlike any other in the world, industry leaders have told Arab News during a high-profile gathering in Riyadh.
Speaking on the sidelines of t
Arab News
04/02/2026
The Central Bank of Oman (CBO), in collaboration with the Islamic Financial Services Board (IFSB), on Tuesday launched the 17th IFSB Summit in Muscat under the theme 'Islamic Finance for the Future:
Muscat Daily
04/02/2026
Oman's total refinery production recorded a 12.5% increase in 2025, reaching 84,739,200 barrels compared to 2024, according to preliminary statistics issued by the National Centre for Statistics and
Muscat Daily
04/02/2026
Kuwait's Prime Minister Ahmad Abdullah al-Ahmad al-Sabah said on Tuesday that Kuwait Petroleum Corporation plans to invite international oil companies to assist Kuwait Oil Company in developing recen
Asharq Al Awsat
04/02/2026
The Saudi Capital Market Authority has announced that a review of the rules restricting foreign ownership in local stocks is underway, as the Kingdom seeks to further open up to international investo
Arab News
Financial Information Co.
Saudi Arabia