Samsung, Shanghai Electric win $3bn desal deal
Consortium picks up contract to build desalination plant at Red Sea
Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has awarded a consortium that includes Samsung Engineering and China’s Shanghai Electric a EPC contract to construct a $3bn desalination plant on the Red Sea coast.
Reuters has reported that the new facility is set to have a desalination capacity of 550,000m3 per day, together with an output of 2,500MW.
The new plant is aimed at meeting rapidly growing water consumption figures, driven up by population growth and industrial developments.
SWCC have recently been in the news after signing a commercial collaboration agreement with Dow Chemical company to work together on desalination technology research in the region.
Under the agreement, the pair will work on solutions in reverse osmosis and ultrafiltration, specifically targeted at overcoming climatic conditions in the Gulf.
The estimated value of the EPC for the plant is $1.5bn.