Saudi support for the country continues in all fields, including politics, relief, development and economics.

The Kingdom was — and still is — Yemen’s largest supporter, and offers various benefits through the King Salman Humanitarian Aid and Relief Center, also known as KSrelief, and the Saudi Development and Reconstruction Program of Yemen.

The Yemeni government’s announcement of the Kingdom’s approval of support for a package of development projects worth $400 million, in addition to $200 million to provide oil derivatives to government power stations in liberated governorates, confirms Saudi Arabia’s continuing generous support for its brothers in Yemen.

(Source).

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The Ministry of Irrigation and Water Resources said June 20 that the Egyptian delegation discussed a proposal for building a water desalination plant on the Euphrates River.

The station will be used to purify and desalinate seawater to help ease water shortages in southern Iraq.

(Source).

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Located in the Oxagon, its aim is to create a sustainable, abundant water supply for residential, industrial, and commercial use.

Enowa, the energy, water, and hydrogen subsidiary of Neom. signed a MoU with Japanese trading company, Itochu, and Veolia.

(Source).

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GS E&C said it signed contracts to raise a combined $130 million for the Barka 5 (IWP) project, ordered by Oman Power & Water Procurement Company.

The Korean firm plans to borrow 70 percent of the money from the Export-Import Bank of Korea and financial institutions in Oman.

The remaining 30 percent will be borrowed from Hana Bank, based on their bridge loan agreement.

(Source).

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GS Engineering & Construction has signed financing documents for GS Inima’s project to build a Barka 5 Independent Water Plant in Oman, a deal reached with Oman Power & Water Procurement Co. in 2020, the company said.

Of the $130 million that will be needed for building the plant, GS E&C will be procuring 70 percent of the expenses from the Export-Import Bank of Korea, and 30 percent from KEB Hana Bank, the company said.

(Source).

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