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- Mashreq reports 9-month net profit after tax of $1.42bn
- NBK breaks ground for $175m first international HQ in Bahrain
- Bahrain launches $185m fund to support SMEs
- stc group achieves outstanding financial performance
- Closing Bell: Saudi main index closes in red at 11,484
- PIF, ACWA Power sign MoU to develop energy and water infrastructure project
- Saudi Arabia qualifies 12 firms for $179m mining exploration round
- Multiply Group's strategic merger sets stage for UAE's next investment supercycle
- OPEC+ members reaffirm commitment to market stability, adjust output by 137k bpd
- Dubai real estate market breaks records with Dh559.4 billion in sales for 2025
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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04/11/2025
Bahrain has launched a new SME fund following the signing of strategic partnership agreements between Bahrain Development Bank (BDB), the National Bank of Bahrain (NBB), Bank of Bahrain and Kuwait (B
Trade Arabia
04/11/2025
Twelve local and international mining companies qualified for the second round of Saudi Arabia's Exploration Enablement Program, securing preliminary approval for 38 licenses and SR664 million ($179.
Arab News
04/11/2025
Dubai's property market has hit a historic high, with real estate sales for 2025 reaching Dh559.4 billion by the end of October-surpassing the previous full-year record of Dh522.1 billion set in 2024
Khaleej Times
04/11/2025
Saudi Arabia's major airports and national airlines demonstrated strong on-time performance in September, according to a monthly report from the General Authority of Civil Aviation.
Accordin
Arab News
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
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