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- Oman's economy to see limited impact from US tariffs, says official
- 'Qatar draws best talents in technology sector'
- Trump unveils first $5 million 'gold card' visa
- Closing Bell: Saudi main index slips to close at 11,882.65
- Samsung, Acwa in race for 2,400MW Oman power project
- Crescent Petroleum and Dana Gas reach key production milestone at Iraqi gas field
- Taqa and EWEC sign power purchase agreement for 1GW of new advanced generation capacity
- OPEC+ to hike production in May to support oil market stability
- Saudi Arabia has highest number of Arab billionaires: Forbes
- Ajman issues new real estate law to boost investor protection and transparency
24/01/2018 07:22 AST
Saudi Arabia is set to build nine desalination plants on the Red Sea coast at an investment of more than SR2 billion ($530 million), said a report.
The plants will have capacity of 240,000 cu m of water per day and will be completed in less than 18 months, reported The Saudi Gazette citing Minister of Environment, Water and Agriculture Abdulrahman Al-Fadhli.
The project, which the minister said was ordered by Custodian of the Two Holy Mosques 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, stated Fadhli.
The Kingdom is the largest producer of desalinated water in the world.
According to SWCC, the Kingdom has raised its desalinated water production to five million cubic meters per day (m3/d) at the end of 2017.
Trade Arabia
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04/04/2025
Dr. Nasser Al-Maawali, Undersecretary of the Ministry of Economy, has addressed the United States' decision to impose new tariffs on Omani imports, indicating that the impact on Oman's economy is ant
Times of Oman
04/04/2025
Qatar is transforming into a hub for startups and innovation, especially in sectors like technology, fintech, and healthcare. An official remarked that Venture Capital (VC) can promote this thriving
The Peninsula
04/04/2025
Saudi Arabia has solidified its position as the leading hub for billionaires in the Arab world with 15 making it onto the Forbes global 2025 list - the highest in the region.
According to t
Arab News
04/04/2025
His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, issued Law No. (1) of 2025 on Friday, introducing a legal framework aimed at increasing transparency, prote
Gulfnews
03/04/2025
The capitalization levels of Qatar banks remained robust. Average capital adequacy ratio (CAR) came in at a robust 19.8 percent with all banks generating strong CARs. Qatar's banking sector posted an
The Peninsula
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