• HSBC

South Korean firm wins $1.46bn Saudi water plant contract

  • Saudi Arabia: Thursday, September 02 - 2010 at 10:00

Saudi state-owned Saline Water Conversion Corp (SWCC) has awarded South Korea's Doosan Heavy Industries and Construction a $1.46bn contract to build a new desalination plant in the kingdom, Reuters has reported. The plant will produce 1.025 million cubic metres of desalinated water per day and will be integrated with a 2,400 megawatts (MW) power plant, in Ras Azzour, on the Gulf coast. The plant, expected to be the world's largest would be completed in January 2014, Doosan said.

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