{"id":94159,"date":"2025-02-06T00:00:00","date_gmt":"2025-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/06\/acwa-power-backed-firm-to-develop-sar-2-5-bn-desalination-plant\/"},"modified":"2025-02-06T00:00:00","modified_gmt":"2025-02-06T00:00:00","slug":"acwa-power-backed-firm-to-develop-sar-2-5-bn-desalination-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/06\/acwa-power-backed-firm-to-develop-sar-2-5-bn-desalination-plant\/","title":{"rendered":"Acwa Power-backed firm to develop SAR 2.5 bn desalination plant"},"content":{"rendered":"

\n

INFRASTRUCTURE-<\/p>\n

Acwa Power-backed firm to develop SAR 2.5 bn desalination plant: <\/strong>Ras Mohaisen First Water Desalination \u2014 in which Acwa Power holds a 45% stake \u2014 inked a 25-year SAR 2.5 bn water purchase agreement with the Saudi Water Partnership Company<\/a> to build and operate a reverse osmosis desalination plant in the Western Province, according to a disclosure to Tadawul<\/a>.<\/p>\n

The details: <\/strong>The plant will have a capacity of 300k cubic meter per day, while the project will also include potable water tanks with a 600k cubic meter capacity. The plant is expected to begin commercial operations in 1Q 2030.<\/p>\n

\n

MANUFACTURING-<\/p>\n

Italy-based <\/strong>S<\/a><\/strong>abelt<\/a><\/strong> will supply <\/strong>advanced seats for PIF-owned Ceer\u2019s EVs under a<\/strong> SAR 543 <\/strong>mn <\/strong>partnership agreement<\/strong>, according to a statement<\/a>. Sabelt counts Ferrari, Aston Martin, Maserati, Alpine, and McLaren among its clients.<\/p>\n

\n

DEBT WATCH-<\/p>\n

#1- <\/strong>Roshn <\/strong>Group lined up a SAR 2 bn Shariah-compliant loan with the Saudi National <\/strong>Bank<\/strong>, according to state news agency SPA<\/a>. The seven-year facility will be used to fund the acquisition of Riyadh Front, which will be rebranded to Roshn Front, it said in a post on X<\/a>.<\/p>\n

#2-<\/strong> Tadawul-listed SHL Finance Co. lined up a SAR 200 mn Shariah-compliant loan <\/strong>with <\/strong>Emirates NBD<\/strong>, it said in a disclosure to Tadawul<\/a>. The 5-year facility will go towards increasing the company\u2019s sales volumes.<\/p>\n

\n

AVIATION-<\/p>\n

Flynas add<\/strong>s Pakistan, Egypt flights: <\/strong>Budget carrier Flynas launched a new route connecting Pakistan\u2019s Karachi to Madinah and another connecting Egypt\u2019s Al Alamein to Jeddah, according to two separate posts on X (here<\/a> and here<\/a>). The Pakistan route will launch on 5 March, while the Egypt route will launch on 1 July, with each operating two flights a week.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Balady Poultry to embark on a SAR 1.1 bn expansion plan<\/p>\n","protected":false},"author":1,"featured_media":94160,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[448,54,589,10,24,250,3968,496,76,1115,856,1974],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-acwa-power","tag-also-on-our-radar","tag-desalination","tag-enterpriseam-ksa","tag-food","tag-poultry","tag-ras-mohaisen-first-water-desalination","tag-roshn-group","tag-saudi-awwal-bank","tag-saudi-national-bank-snb","tag-saudi-water-partnership-company","tag-sumou-real-estate","wpautop","entry"],"acf":{"mongo_id":"36ffdf7a-ae3b-4e2c-9a25-0e5acc704067","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2275.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power-backed firm to develop SAR 2.5 bn desalination plant in the Western Province","related_issue":[94137],"teaser":"PLUS: Balady Poultry to embark on a SAR 1.1 bn expansion plan","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.a20dc1e9-e0b9-4a55-81f2-8ab383ced841.mp3"},"yoast_head":"\nAcwa Power-backed firm to develop SAR 2.5 bn desalination plant - 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