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. (LINK). GE wins contract for substation of KSA’s first clean energy desal plant – Saudi ArbiaDME GmbH2021-06-16T20:07:16+02:00
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. (LINK). Saudi Arabia aims to be Egypt’s top trading partner – Saudi ArabiaDME GmbH2021-06-15T17:53:33+02:00
GE to build turnkey substation for Yanbu 4 desalination plant in Saudi Arabia – Saudi Arabia GE Renewable Energy’s Grid Solutions has won a deal from Doosan Heavy Industries and Construction Co. Ltd., to build a turnkey substation that will power the Yanbu-4 independent water producer (IWP) plant. This is 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 450,000 cubic meters per day of fresh water to be supplied to households in Makkah and Madinah. GE to build turnkey substation for Yanbu 4 desalination plant in Saudi Arabia – Saudi ArabiaDME GmbH2021-06-13T15:14:19+02:00
Saudi Arabia’s SWCC partners with China to develop new seawater desalination technology – Saudi Arabia The Saline Water Conversion Corporation (SWCC) is in the process of developing a new technology for seawater desalination in cooperation with the Chinese Ministry of Natural Resources through its Institute for Research and Desalination Technologies Establishment. The cooperation includes developing projects using reverse osmosis technology and evaporation technology, adopting a multi-stage effect method, in addition to projects related to future technologies, and standardizing desalination techniques. This cooperation also contributes to strengthening relations between the Kingdom and China, and pushes for more communication through diplomatic channels and economic sectors in […] Saudi Arabia’s SWCC partners with China to develop new seawater desalination technology – Saudi ArabiaDME GmbH2021-06-09T13:10:34+02:00
Saudi Arabia plans to raise $55bn from privatization – Saudi Arabia Saudi Arabia aims to secure about $55 billion out of this privatization plan, of which $16.5 billion in the form of public-private partnerships, Minister of Finance Muhammad Al-Jadaan said on Thursday. Al-Jadaan the remarks during the high-level “G20 Infrastructure Investors Dialogue: Financing Sustainable Infrastructure for the Recovery“ event which was attended by G20 finance ministers, international and regional organizations, and major investors and asset managers representing the private sector. Al-Jadaan pointed out that the Kingdom has recently announced a privatization plan that includes a pipeline of 160 projects across […] Saudi Arabia plans to raise $55bn from privatization – Saudi ArabiaDME GmbH2021-06-04T09:55:40+02:00
GE, Shandong Tiejun complete substation for Saudi’s Rabigh-3 IWP – Saudi Arabia An Independent Water & Power (IWP) bulk supply joint project from Rabigh Three Company, co-owner, and operator of Rabigh-3 IWP plant, was secured by GE’s Grid Solutions. The Rabigh-3 IWP is majority-owned by ACWA Power. Meanwhile, the original agreement for the contract was signed between GE’s Grid Solutions and Shandong Tiejun Electric Power Engineering Co with project ownership under Rabigh Three Company. GE’s Grid Solutions completed the design, civil works, equipment supply, installation, testing, and commissioning of the 380/110 kV substation despite the challenges of the COVID-19 pandemic. The […] GE, Shandong Tiejun complete substation for Saudi’s Rabigh-3 IWP – Saudi ArabiaDME GmbH2021-06-02T15:44:53+02:00
Saudi Arabia seeks to fast-track use of renewable energy in desalination – Saudi Arabia Saline Water Conversion Corporation (SWCC) Governor Abdullah Ibrahim Al-Abdulkareem and Al-Jouf University President Mohammed Bin Abdullah Al-Shaya signed a memorandum of understanding with an aim to enhance and facilitate means of expertise and knowledge exchange between the two sides. The MoU also seeks to expand bilateral cooperation in a way that enables developing, conducting, and following up on research and training projects related to the industry of water desalination. This MoU is part of SWCC’s commitment to building fruitful strategic partnerships with Saudi universities, enhancing cooperation means in fields […] Saudi Arabia seeks to fast-track use of renewable energy in desalination – Saudi ArabiaDME GmbH2021-05-30T09:31:49+02:00
Saudi Arabia hopes to raise $55bn through privatisation – Saudi Arabia Saudi Arabia hopes to raise about $55bn over the next four years as it plans to step up its nascent privatisation programme with the government seeking to boost revenue and narrow its yawning budget deficit. Mohammed al-Jadaan, the finance minister, told the Financial Times that Riyadh had identified a pipeline of 160 projects across 16 sectors, including asset sales and public-private partnerships, through to 2025. Riyadh’s aim is to outsource the management and financing of health infrastructure and services to the private sector, as well as city […] Saudi Arabia hopes to raise $55bn through privatisation – Saudi ArabiaDME GmbH2021-05-24T12:18:16+02:00
Saudi power developer starts construction on South Africa’s largest renewable project – Saudi Arabia Saudi-based ACWA Power, an investor and operator of power generation and water desalination plants, has announced the start of construction on the 100MW Redstone solar thermal project in South Africa following financial close. At ZAR11.6 billion ($830 million) total investment, the Redstone project is the largest renewable energy investment in South Africa to date. The project has secured financing from international and South African financial institutions and has facilitated approximately ZAR7 billion in foreign direct investment to fund and support the strategic energy transition goals of the country. Saudi power developer starts construction on South Africa’s largest renewable project – Saudi ArabiaDME GmbH2021-05-13T15:55:44+02:00
Doosan Heavy Industries & Construction Finds Way Out of Deficits in Saudi Arabia – Saudi Arabia Hit hard by the Korean government’s ill-advised nuclear phase-out policy, Doosan Heavy Industries & Construction (DHIC) has been desperate to make a turnaround. The company announced on April 28 that it managed to turn a profit in the first quarter on a rebound in overseas sales. DHIC posted 4,004.7 trillion won in sales, 372.1 billion won in operating profit and 248.1 billion won in net profit in the first quarter on a consolidated basis. Its sales rose slightly on year while operating profit and net profit soared by 315.6 […] Doosan Heavy Industries & Construction Finds Way Out of Deficits in Saudi Arabia – Saudi ArabiaDME GmbH2021-04-29T16:02:48+02:00