Saudi to invest $530m in Red Sea desalination plants

Plants will have capacity of 240,000 cubic meters of water per day
Saudi to invest $530m in Red Sea desalination plants
Image for illustrative purpose only.
By Reuters
Sun 21 Jan 2018 03:26 PM

Saudi Arabia plans to build nine desalination plants for more than 2 billion riyals ($530 million) on the Red Sea coast, its environment minister said on Sunday.

The plants will have capacity of 240,000 cubic meters of water per day and will be completed in less than 18 months, Abdulrahman al-Fadhli wrote in a Twitter post.

The project, which the minister said was ordered by 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, Fadhli added.

He gave no details on funding.

Saudi Arabia said in 2016 it planned to use public-private partnerships (PPP) with local and foreign companies to fund infrastructure projects.

In August, it said it would develop resorts on about 50 Red Sea islands, completing the first phase of that project - which is backed by its Public Investment Fund (PIF) - in the fourth quarter of 2022.

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.