Search SaudiArabiaPR.com

Home >> Banking & Investments

ACCIONA lays the first stone for IWP Shuqaiq-3, one of the largest desalination plants in Saudi Arabia

ACCIONA lays the first stone for IWP Shuqaiq-3, one of the largest desalination plants in Saudi Arabia

Sunday, October 6, 2019/ Editor -  

Share

Home >> Banking & Investments

October 06, 2019:  ACCIONA  a leading company in the development of water infrastructure, together with co-developers Marubeni Corporation, Almar Water Solutions through Abdul Latif Jameel CDC and Rawafid Alhadarah Holding Co, celebrated the cornerstone ceremony of the Shuqaiq-3 desalination plant last Thursday. 

The event was held at the Shuqaiq-3 site, located on the Red Sea coast of Saudi Arabia and was attended by several top representatives and officials from Spain including the Councillor for Economic and Financial Affairs of the Spanish Embassy in Riyadh, Mr. José Ramón Ferrandis Muñoz. José Díaz Caneja, CEO of ACCIONA Agua business line; Jesús Sancho, ACCIONA ME Managing Director and Manuel Manjón, ACCIONA Business Development Director attended as well the event. 

IWP Shuqaiq-3 EPC stage is scheduled for completion in 2021 and will be one of Saudi Arabia's largest seawater desalination plants. The plant utilizes the reverse osmosis technology with a capacity to produce 450,000 cubic metres per day of drinking water. 

As several countries in the Middle East region are aligned with the international protocols on climate change and carbon emission reduction, it is an increasingly important priority to ensure a sustainable and cost-effective potable water supply.  Shuqaiq-3 embraces all these aspects, as it is an efficient and safe alternative to the thermal desalination technology. The Project shall guarantee the supply of drinking water to more than 1.8 million citizens, and thus contributing to the economic and industrial development of the Kingdom. 

Additionally, Shuqaiq-3 represents an important milestone both at the economic and at the social responsibility level, as it is one of the largest desalination plants in the World and it will create several thousand jobs from the start of construction until the end of the 25-year concession. The Project is seamlessly aligned with the “2030 Vision” of Saudi Arabia since it involves a great deal of Saudi content and has, as its objective, the increase of private investment and local employment opportunities.  

As part of the project's social outreach measures, in the first few years the Consortium will offer academic and practical training to residents in the area to nurture the development of water industry professionals in a region so in need of projects of this kind. 


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

How will billions of muslims preform Hajj in the future?

Saudi film 'Norah' Nominated for Cannes Film Festival 2024

Khabib's Official Training Gloves Will Be Sold at Tooba Charity Auction in Dubai

Formula E and FIA to unveil new gen3 evo race car at upcoming monaco E-prix

Magrabi Eye and Dental Complex Day Surgery Center inaugurates in Makkah

Saudi Investment Recycling Company and SAP extend partnership with new deploymen ...

Victory for Pascal Wehrlein after last Lap Heartbreak for Rowland

Oliver rowland wins misano e-prix opener after antonio felix da costa disqualifi ...

Mitch Evans Looks For Another Italian Triumph As Formula E Descends On Rimini De ...

Hilton Riyadh Hotel & Residences Prepares For A Festive Eid Extravaganza

Watches & Wonders 2024 Unico: Hublot's Manufacture Calibre

Bremont introduces a new generation of its Supermarine diving watch series

Formula E to Use Latest Sustainable Tech to Power its Events Worldwide

Powering Progress: Saudi Electricity Expo to Energise Kingdom's 2030 Vision, Sec ...

Tokyo E-prix Winner Max Gunther Eager to Challenge for Formula E Title

Saudi contribution to WFP will Provide Life-saving Food Assistance to around 378 ...

Saudi Minister of Communications and Information Technology visits Unifonic's ne ...

Saudi Electricity Expo to Help Energise Kingdom's Renewables and Fulfil Power Dr ...

Saudi Exchange Marks a Milestone with its 400th Listed Security

Egis to Provide a Comprehensive Refurbishment and Maintenance Assessment for Kin ...