{"id":19986,"date":"2019-01-29T10:11:13","date_gmt":"2019-01-29T10:11:13","guid":{"rendered":"https:\/\/www.alj.com\/en\/?post_type=news&#038;p=19986"},"modified":"2022-04-21T10:57:51","modified_gmt":"2022-04-21T10:57:51","slug":"almar-water-solutions-invest-us-600m-supply-1-8m-people-saudi-arabia-desalinated-water","status":"publish","type":"news","link":"https:\/\/alj.com\/en\/news\/almar-water-solutions-invest-us-600m-supply-1-8m-people-saudi-arabia-desalinated-water\/","title":{"rendered":"Almar Water Solutions invest over US$ 600m to supply over 1.8m people in Saudi Arabia with desalinated water"},"content":{"rendered":"<p>Plant will be one of the largest <a href=\"https:\/\/www.alj.com\/en\/energy-and-environmental-services\/water-environmental-solutions\/\">desalination<\/a> plants based on reverse osmosis technology globally, with capacity of 450,000 cubic meters per day <a href=\"http:\/\/www.almarwater.com\/\">Almar Water Solutions<\/a>, part of <a href=\"https:\/\/www.alj.com\/en\/energy-and-environmental-services\/energy-overview\/\">Abdul Latif Jameel<\/a>, has been awarded a contract to develop a desalination plant in the city of Shuqaiq, on the Red Sea coast of Saudi Arabia. Over US$ 600m will be invested in the project, creating 700 jobs, in line with Saudi Arabia\u2019s Vision 2030 and its objectives to increase investment and employment opportunities.<\/p>\n<p>The large-scale plant will have a capacity of 450,000 cubic meters per day, guaranteeing reliable drinking water for over 1.8 million citizens. Scheduled for completion in Q4 2021, the project will be developed under a 25-year build-own-operate (BOO) scheme contract.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/KITq7UXrWQE\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>A consortium comprising Marubeni Corporation, Abdul Latif Jameel Commercial Development Company, Acciona Agua and Rawafid Alhadarah Holding Co. signed the Water Purchase Agreement during a ceremony in Riyadh on the January 28, 2019<\/p>\n<blockquote>\n<p><a href=\"https:\/\/alj.com\/en\/our-people\/fady-jameel\/\">Fady M. Jameel<\/a>, Deputy President and Vice Chairman of Abdul Latif Jameel Company added: \u201cInnovative energy-intensive water schemes are essential to meeting the rising demand of our region and the world\u2019s growing population for water. With decades of proven international expertise in this field, we are committed to providing the people of Saudi Arabia with sustainable and effective water solutions. We look forward to the completion of the project, which will guarantee safe and reliable drinking water supply for over 1.8 million people.\u201d<\/p>\n<\/blockquote>\n<p>According to the World Bank, the Middle East and North Africa is home to 6% of the world\u2019s population and less than 2% of the world\u2019s renewable water supply, and includes twelve of the world\u2019s most water scarce countries. Almar Water Solutions is committed to becoming a global leader in the water solutions sector, addressing the water security needs of the region and the world\u2019s growing population through a sustainable program of desalination, water and waste water treatment and recycling and reuse initiatives.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignleft wp-image-20035 size-full\" src=\"https:\/\/www.alj.com\/app\/uploads\/2019\/01\/Signing-Ceremony-Shuqaiq-3-IWP2-EN-1.jpg\" alt=\"Signing Ceremony Shuqaiq\" width=\"1277\" height=\"795\" srcset=\"https:\/\/media.alj.com\/app\/uploads\/2019\/01\/Signing-Ceremony-Shuqaiq-3-IWP2-EN-1.jpg 1277w, https:\/\/media.alj.com\/app\/uploads\/2019\/01\/Signing-Ceremony-Shuqaiq-3-IWP2-EN-1-150x93.jpg 150w, https:\/\/media.alj.com\/app\/uploads\/2019\/01\/Signing-Ceremony-Shuqaiq-3-IWP2-EN-1-300x187.jpg 300w, https:\/\/media.alj.com\/app\/uploads\/2019\/01\/Signing-Ceremony-Shuqaiq-3-IWP2-EN-1-768x478.jpg 768w, https:\/\/media.alj.com\/app\/uploads\/2019\/01\/Signing-Ceremony-Shuqaiq-3-IWP2-EN-1-1024x637.jpg 1024w\" sizes=\"(max-width: 1277px) 100vw, 1277px\" \/><\/p>\n","protected":false},"featured_media":20005,"template":"","tags":[],"newscategory":[149],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Almar Water Solutions Invest Over US$ 600m | Abdul Latif Jameel\u00ae<\/title>\n<meta name=\"description\" content=\"Almar Water Solutions has been awarded a contract to develop a desalination plant in the city of Shuqaiq, on the Red Sea coast of Saudi Arabia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alj.com\/en\/news\/almar-water-solutions-invest-us-600m-supply-1-8m-people-saudi-arabia-desalinated-water\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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