Aware of the importance of coping with effects of climate changes in agriculture production, a specialised Belgian engineering consultancy firm, Asian Infrastructure Engineering and Investment (AIEI) is partnering up with the Vietnamese government to expand green energy investments into the country.
The Public Establishment for Industrial Estates (Madayn) has signed an agreement with Oman Investment and Development Holding Company (Mubadrah) for the latter to manage and develop Rusayl Industrial City.
A massive storm front arrived in Israel on Thursday, as heavy downpours spread from the north to the southern coastal plan, helping to abate a six-year drought that has severely depleted the Kinneret.
Authorities are warning travelers to beware of flash floods in those areas, and are issuing an advisory to avoid driving on flooded roads, to adjust driving speeds and to maintain safe trailing distance on the road.
Saudi Minister of Environment, Water and Agriculture, Abdul Rahman al-Fadhli, launched a plan to implement 18 water projects of $3.2 billion cost over the next ten years to enhance the quality of drinking water all over Saudi Arabia.
Speaking at the headquarters of the Chamber of Commerce in the Eastern region, Fadhli said that Water and Electricity Company (WEC) will change its name soon to the “Water Projects” pointing out that the new company will purchase water and will be tasked with water services, treatment, transport and storage to serve the private sector and investment seekers.
The Riyadh-based company submitted the lowest price among five bidders and its consortium with Saudi Brothers Commercial Company was selected to develop the desalination plant, Acwa Power said in a statement on Tuesday.
Emirates Global Aluminium, Mubadala Investment Company and Dubal Holding will develop a power generation facility and water desalination plant worth more than Dh1 billion ($272.3 million) at EGA’s aluminium smelting facility in Jebel Ali.
Mubadala and Dubal Holding agreed to form a joint venture to develop the new facility, according to a joint statement on Tuesday. EGA will buy power from the new JV for 25 years once the facilities are operational.
Saudi Arabia intends to offer water and farming projects worth around 36 billion Saudi riyals ($9.6 billion) to investors in the first quarter of 2019, a newspaper in the world’s largest oil exporter reported on Sunday.
The Environment, Water and Agriculture Ministry will issue tenders for the projects as part of plans to expand desalinated water and farming production in the Gulf kingdom, the Arabic language daily Aleqtisadia said.
Kuwait Fund for Arab Economic Development (KFAED) said it has signed a deal with Egyptian government to provide funding worth KD15 million ($50 million) for the construction of four water desalination plants in South Sinai region of the country.