Nissan to lay off thousands of workers as sales drop    Trump picks Susan Wiles as White House chief of staff    Three charged in connection with Liam Payne's death    Israel passes law to deport relatives of attackers, including citizens    Monkey mayhem in South Carolina after 43 primates escape research facility    Russian anti-war teenager faces five years in jail after failed appeal    Uproar in Ghana after president unveils his own statue    BD and INS partner to elevate standards of infusion care in MENAT    Qassim emir launches 52 health projects costing a total of SR456 million    Dubai Design Week launches its 10th edition, celebrating creativity and innovation    Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Kingdom inks $4.2 billion power and water project
Published in The Saudi Gazette on 10 - 11 - 2010

JEDDAH: Saudi Arabia signed contracts worth SR15.68 billion ($4.2 billion) Tuesday for the construction of the Ras Az Zawr giant power and water plant, official Saudi media reported.
Abdullah Al-Hussayen, Saudi Arabia's minister of water and power and chairman of state-owned Saline Water Conversion Corp (SWCC), signed a SR9.07 billion deal with a group led by Al-Arrab Contracting Co to build the power plant on the country's Gulf cost, SPA said.
The power plant will be completed in 42 months, Samer Arafa, executive vice president of Al-Arrab, told Reuters.
The plant has a planned capacity of 2,400 megawatts, will be able to generate up to 2,750 MW, Arafa added.
The group includes China's Sepco III Electric Power Construction Corp. The Chinese company and Al-Arrab were awarded the contract in September.
The plant will be integrated with a water desalination facility, for which a SR6.61 billion contract was signed with a consortium of South Korea's Doosan Heavy Industries and Construction Co Ltd and Saudi Archirodon Ltd, SPA said.
Doosan said in September its contract was worth $1.46 billion to build the water plant, expected to be the world's largest when it comes on stream in 2014. The plant will produce 1.025 million cubic meters of desalinated water per day.
The cost of the project is now set below initial estimates of $6 billion, when Japan's Sumitomo Corp was leading a consortium to build and operate the plant.
SWCC will take 1 billion liters of the plant's water production capacity. Saudi Arabian Mining Co (Ma'aden) will take 1,350 MW of the project's power, and 1,050 MW will be allocated to Saudi Electricity Co (SEC).
In Ras Az Zawr, Maaden and US aluminum company Alcoa Inc are building a $10.8 billion aluminum project, which will be the world's largest fully integrated aluminum complex when completed in 2014.
Saudi Arabia has $500 billion in investment opportunities in energy, transportation and education, according Saudi Arabian General Investment Authority Governor Amr Al-Dabbagh.


Clic here to read the story from its source.