LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Saudi to build 9 desalination plants on Red Sea

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Saudi to build 9 desalination plants on Red Sea
Representational picture: Image source: Reuters
Written By: Reuters
Updated: Sun, Jan 21, 2018
05:00 pm
Reuters
RELATED NEWS
Saudi-led coalition destroys drone launched by Yemen''s Houthis towards kingdom: SPA Saudi-led coalition destroys drone launched by Yemen''s Houthis towards kingdom: SPA
15% VAT hike comes into effect in Saudi 15% VAT hike comes into effect in Saudi
Haj Money Refund 2020: Pilgrims from India will not go to Saudi Arabia - Here is how applicants will get full refund without deduction Haj Money Refund 2020: Pilgrims from India will not go to Saudi Arabia - Here is how applicants will get full refund without deduction

Saudi Arabia plans to build nine desalination plants for more than 2 billion riyals ($530 million) on the Red Sea coast, its environment minister said on Sunday.

The plants will have capacity of 240,000 cubic meters of water per day and will be completed in less than 18 months, Abdulrahman al-Fadhli wrote in a Twitter post.

The project, which the minister said was ordered by 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, Fadhli added. 

He gave no details on funding.

Saudi Arabia said in 2016 it planned to use public-private partnerships (PPP) with local and foreign companies to fund infrastructure projects.

In August, it said it would develop resorts on about 50 Red Sea islands, completing the first phase of that project - which is backed by its Public Investment Fund (PIF) - in the fourth quarter of 2022.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Saudi ArabiaRed Sea coastdesalination plants on Red SeaKing SalmanSaudi Saline Water Conversion Corp (SWCC)production efficiency
RELATED NEWS
Saudi-led coalition destroys drone launched by Yemen''s Houthis towards kingdom: SPA Saudi-led coalition destroys drone launched by Yemen''s Houthis towards kingdom: SPA
15% VAT hike comes into effect in Saudi 15% VAT hike comes into effect in Saudi
Haj Money Refund 2020: Pilgrims from India will not go to Saudi Arabia - Here is how applicants will get full refund without deduction Haj Money Refund 2020: Pilgrims from India will not go to Saudi Arabia - Here is how applicants will get full refund without deduction
Russia and Saudi ''very close'' to oil deal, Moscow signals big cuts Russia and Saudi ''very close'' to oil deal, Moscow signals big cuts
Oil prices: Saudi to hike crude supply to record levels as rate war rages (Ld) Oil prices: Saudi to hike crude supply to record levels as rate war rages (Ld)

LATEST NEWS

Wipro to buy UK-based consultancy Capco for $1.45 billion

Realme GT 5G launched with 64MP triple camera setup and Snapdragon 888 chipset; Check price, India availability and more

LIC Jeevan Umang Insurance Policy: GUARANTEED benefits! NO LIMIT on maximum basic sum assured - All details here

Platform ticket price raised from Rs 10 to Rs 50 at these stations, check the list

Ease of Living Index India: Check list - Top or bottom? Is your city on the chart?

7th Pay Commission: Who gets double pension and in which case—EXPLAINED

IRCTC share price today hits life-time high of Rs 2015.80; Investors make big money

SBI Share price today I Buy with target price of Rs 470, says Choice Broking

Easy Trip Planners IPO: Retail Investors waiting for this new IPO coming next week

Midcap Picks With Anil Singhvi - Simi Bhaumik recommends 3 stocks for bumper returns

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved