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- Qatar attracts $13.8m industrial investments in Q1
- Closing Bell: Saudi main index closes in red at 11,746
- PIF's AviLease secures investment-grade ratings from Moody's, Fitch
- Trump to reduce impact of auto tariffs, commerce secretary says
- Saudia Cargo, Henan Aviation Group ink deal to bolster routes between Riyadh, Zhengzhou
- Oil Updates - crude falls as economic jitters dampen demand outlook
- 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
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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30/04/2025
Qatar recorded 50 million riyals ($13.8 million) in new industrial investments and a 32 percent rise in commercial registrations in the first quarter of 2025, underscoring momentum in its economic di
Arab News
30/04/2025
Saudi Arabia's AviLease has secured investment-grade corporate credit ratings from Moody's and Fitch Ratings, as the global aircraft lessor continues to expand its portfolio and strategic role within
Arab News
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
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