Samsung, Shanghai Electric win $3bn Saudi deal

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Getty Images - for illustrative purposes only)

(Getty Images - for illustrative purposes only)

A consortium including Samsung Engineering and Shanghai Electric have won an SR11.3bn ($3bn) deal to build a water desalination plant on the Red Sea coast of Saudi Arabia.

Saudi's state-owned Saline Water Conversion Corp (SWCC) said on Monday it awarded the contract to the South Korean and Chinese companies respectively as well as to Saudi Al Toukhi Co for Industry, Trading and Contracting, to build the fuel oil-fired plant, known as Yanbu III.

Water consumption in the desert kingdom is already almost double the per capita global average and increasing at an ever faster rate with the rapid expansion of population and industrial development.

The new plant will have a capacity of 550,000 cubic metres per day of desalinated water and a power capacity of 2,500 megawatts.

SWCC has said it plans to nearly double energy-intensive desalinated water production to almost 6 million cubic metres per day by the end of 2015.

SWCC's plants on the Red Sea coast burn oil - crude, fuel and cracked oil - while gas is used in those on the Gulf coast, the heart of the kingdom's oil wealth. The firm has 36 plants.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
$40bn housing deal may signal Gulf investment push into Egypt

$40bn housing deal may signal Gulf investment push into Egypt

Egypt's economy is recovering only slowly from the turmoil that...

Opportunity knocks

Opportunity knocks

Government-backed projects for Saudi’s housing markets have been...

Splash the cash

Splash the cash

Orlando Crowcroft finds Qatar’s retail market is creating a lot...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams