GulfBase Live Support
12/08/2025 04:52 AST
Heavy Engineering Industries and Ship-building Company (Heisco) has announced that its consortium with Indian group VA Tech Wabag has emerged as the lowest bidder for a key desalination project being set up at an investment of KD114.3 million ($377 million) in Kuwait.
A major engineering, procurement and construction (EPC) contracting company based in Kuwait, Heisco said the Doha SWRO Desalination Plant will be located in the seaside district of Doha on the western coast of the capital Kuwait City.
The project, being implemented by the Ministry of Electricity & Water & Renewable Energy (MEW), is likely to be operational within an eight-year period.
In a disclosure statement in Kuwaiti stock exchange, Heisco said: "Our joint venture with VA Tech Wabag has achieved the lowest bid for the tender - Supply & Erection with O&M Services of Doha SWRO Desalination Plant with Re-carbonation System (Stage-2) -for the MEW."
A leading pure-play water technology Indian multinational group based in Chennai, VA Tech Wabag is focussed on desalination and water treatment for municipal and industrial users.
This announcement comes close on the heels of Wabag clinching a contract worth SAR1.02 billion ($272 million) by the Saudi Water Authority (SWA) for the development of a sea water reverse osmosis (SWRO) desalination plant in Yanbu, Saudi Arabia.
The scope of work includes design, engineering, supply as well as construction, and commissioning of the mega desalination plant, to be developed on a greenfield site located along the west coast of the kingdom.
Once completed, the mega project will boast a 300 million litres per day (MLD) capacity.
Trade Arabia
10/06/2025
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a new contract worth KD13.8 million ($45 million) from Kuwait Oil Company (KOC).
A major EPC c
Trade Arabia
Ticker | Price | Volume |
---|
07/10/2025
In line with its unwavering commitment to corporate social responsibility and its role as a leading financial institution, Gulf Bank has once again placed women's health and empowerment at the forefr
Kuwait Times
07/10/2025
At an event attended by a large gathering of National Bank of Kuwait (NBK) employees alongside the Bank's senior executives, the Consumer and Digital Banking Group unveiled its five-year strategy, ma
Kuwait Times
07/10/2025
AD Ports Group, a leading global enabler of trade, logistics and industry, has signed a land sale agreement with Mira Developments, for the development of one of the largest mixed-use communities in
Trade Arabia
07/10/2025
QNB Group, the largest financial institution in the Middle East and Africa, announced the successful refinancing of its USD 1.5 billion unsecured syndicated term loan facility.
QNB's Group C
QNA
07/10/2025
Emirates NBD Securities has expanded its trading reach, giving UAE investors direct access to all key stock markets across the Gulf Cooperation Council (GCC).
The brokerage arm of Emirates N
Gulfnews