Saudi Arabia

Saudi Arabia Suspends Privatization of Desalination and Power Plant – Saudi Arabia

Saudi Arabia has suspended the privatization of the Ras Al Khair desalination and power plant, one of a number of state assets that the government aimed to sell to reduce pressure on capital spending and diversify revenues away from oil.

“This decision was made in order to capitalize on knowledge and capacity built in the Kingdom as a result of many years of experience in the areas of water desalination, new technologies, R&D (research and development) and supply chains”, said the Privatization Supervisory Committee for the Environment, Water and Agriculture sectors.

“A new engagement strategy and plan for the Saline Water Conversion Corporation (SWCC) assets such as Ras Al Khair plant will be announced shortly,” it said in a statement on Monday on the website of the Saudi national center for privatizations.


Saudi Arabia Halts $2 Billion Sale of Water Plant Stake – Saudi Arabia

Saudi Arabia has halted the sale of one of the world’s biggest water plants, which had attracted interest from investors including France’s Engie SA, in a setback for the kingdom’s privatization plans.

The Ras Al Khair desalination and power facility on Saudi Arabia’s east coast had cost more than $7 billion to build.

The government, which had been hoping to accelerate asset sales this year, blamed disruptions caused by the coronavirus pandemic.


Saudi Arabia cracks down on water pollution – Saudi Arabia

Saudi Arabia’s Ministry of Environment, Water and Agriculture began implementing the executive regulation for the protection of water from pollution across the Kingdom.

The new legislation stipulates a fine ranging from 10,000 riyals to 20 million riyals for throwing wastewater or any untreated liquid components, discharging or injecting them into groundwater or into any environmental medium.

It also states that all surface and groundwater resources are now public property, and can only be used by acquiring a licence from the country’s Ministry of Environment, Water and Agriculture.


Abengoa begins commissioning of Saudi Arabia’s largest RO plant – Saudi Arabia

Abengoa, an international provider of sustainable solutions for the infrastructure, energy and water sectors, has announced that it has produced the first permeate, that is, the first desalinated water, at the Rabigh 3 desalination plant that it is building in the Saudi city of Rabigh.

The engineering, procurement and construction (EPC) contract for this project was awarded to a consortium of Abengoa, Sepco III (Power China) and Sidem (Veolia) in 2018. 

Acwa Power, a leading Saudi developer, investor and operator of power generation and water desalination plants, is the majority owner of the Rabigh 3 desalination plant. The commissioning of this plant is scheduled for the first quarter of 2022.


Saudi National Water Co. restructures as part of privatization drive – Saudi Arabia

MEWA has launched the latest phase of its restructuring of regional water facilities under the umbrella of the NWC, as part of the Kingdom’s wider privatization strategy.

On Sunday, Abdul Rahman Al-Fadli, minister of environment, water and agriculture, launched the integration of the Western Cluster, around the Makkah region, and the Southern Cluster, consisting of the Asir, Jazan, Najran, and Al-Baha regions.

The two clusters will be restructured under the NWC parent entity and are part of plans for all 13 regions in the Kingdom to be integrated into six clusters, which will then operate under centralized management.


Saudi CMA Approves ACWA Power IPO – Saudi Arabia

The Saudi CMA approved the request of the International Company for Water and Power Projects (ACWA POWER) application for public offering of 81.2 million shares, representing 11.1 percent of its share capital.

The Company’s prospectus will be published within sufficient time prior to the start of the subscription period.

The investment value of the company’s portfolio exceeds $66.1 billion, producing 42 gigawatts (GW) of electricity and 6.4 million cubic meters of desalinated water per day, provided as a huge production that meets the needs of state utilities, and according to long purchase contracts.


PROJECTS: Acciona projects in the GCC to boost ESG goals – Saudi Arabia

Spanish infrastructure giant Acciona has launched a new five-year master plan – SMP 2025 – to advance its environmental, social and governance (ESG) goals.

Ranked top 100 globally in 2020 for economic and ESG indicators, the company is now spearheading a new, ground-breaking sustainability model.

Acciona is already a household name in major utility and infrastructure projects in the Gulf Cooperation Council (GCC) region, both as a developer and as an Engineering, Procurement and Construction (EPC), and Operations and Maintenance (O&M) contractor.


ACWA Power Wins Makkah Excellence Award for Rabigh 3 – Saudi Arabia

ACWA Power announced receiving the Makkah Excellence Award for Rabigh 3 for water desalination based on reverse osmosis technology.

The new desalination plant is designed with a capacity of 600,000 m³ / day of potable water.

It is considered one of the largest desalination stations through reverse osmosis in the world, with an innovative design that guarantees efficiency and confidentiality compared to any other station.


GE wins contract for substation of KSA’s first clean energy desal plant – Saudi Arbia

The Yanbu-4 IWP plant will be the first integrated, seawater reverse osmosis project in the Kingdom that uses clean energy.

Scheduled to be operational in 2023, Yanbu-4 will have a capacity of 450,000m3 per day of fresh water to be supplied to households in Makkah and Madinah.

Located 140km west of Madinah, near the town of Ar Rayyis on the Red Sea coast of the Kingdom, Yanbu-4 will utilise reverse osmosis technology to supply potable water.


Saudi Arabia aims to be Egypt’s top trading partner – Saudi Arabia

Saudi Arabia plans to be Egypt’s top trading partner within five years, said Saudi Commerce Minister Majid Al-Qasabi.

He made the pledge at the Egyptian-Saudi Joint Trade Committee on Monday.

The minister highlighted the presence of 6,225 Saudi companies operating in Egypt with investments amounting to some $30 billion.