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- China's Sinopec Signs Joint Venture Agreement with Saudi Aramco Worth $4 Billion
- IMF lowers Oman's GDP growth forecast to 2.3% for 2025
- Bahrain All Share Index, Islamic Index close lower
- Gulf Bank issues its fifth Annual Sustainability Report for 2024
- BRICS ministers meet in Brazil over Trump trade policies
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- Borouge to boost production capacity to 6.6m tonnes
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- Qatar Stock Exchange index rises by 12.86 points at start of trading
- World-scale Dukhan solar power plant to become operational by 2029: Al-Kaabi
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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29/04/2025
The International Monetary Fund (IMF) has revised down its real GDP growth forecasts for the GCC countries, including Oman, as well as for the wider Middle East and North Africa region. The downward
Muscat Daily
29/04/2025
Qatar's world-scale 2,000-megawatt Dukhan solar power plant will become operational by 2029, HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi said Monday.
Speaking at a
Gulf Times
29/04/2025
Three major companies in the UAE , namely IHC, ADQ and First Abu Dhabi Bank, said on Monday that they plan to launch a new stablecoin backed by dirhams.
To be regulated by the Central Bank o
Khaleej Times
29/04/2025
Saudi Arabia's Eastern Province is leading the Kingdom in attracting foreign direct investment, with the value of its FDI stock standing at SR366 billion ($97.6 billion) - 42 percent of the country's
Arab News
29/04/2025
The Ministry of Commerce and Industry (MoCI) announced that new investments in the industrial sector reached QR50mn during the first quarter of this year.
The announcement came during the mi
Arab News
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