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

Darussalam Launches New Website to Increase Market Reach

Promising Results for the Saudi Arrivals to Mauritius at the Beginnings of 2020

Trade Bank of Iraq Showcases Investment Opportunities in Iraq at Global Trade Re ...

UK's Georgia Hall Amongst Golf Stars Confirmed to Compete in Saudi Ladies Intern ...

Expedia Partner Solutions (EPS) Partnered with Global Innovations

Honeywell, Saudia Aerospace Engineering Industries Lead the Way in Middle East A ...

Maritime and Transport Leaders to Headline Saudi Maritime Congress 2020 in Damma ...

Saudi Arabian Military Industries to Showcase Opportunities Within KSA Defence S ...

Saudia, Saudi Arabia's National Flag Air Carrier Has Joined the Saudi Cup as a P ...

Forrey & Galland Launches a New Concept in Saudi Arabia

TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & Events ...

Bosch Celebrates the Opening of It's Largest Flagship Store in the Middle East

Sephora: Are You Ready to Join the #SephoraSquad?

Cerruti 1881 - Special Product Launch for Mother's Day

US Track Stars Arrive in Riyadh Ahead of$29.2m Saudi Cup Day

Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary

The Second Edition of Cinema Build KSA 2020 Kicked Off Today in Riyadh

Raw Tag-team Championship Match Announced for WWE Super Showdown in Riyadh

Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan

Ericsson Received Awards at the Stc Partner Day for Saudization and Internationa ...