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2026-07-28T12:24:06.269Z

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Qatar Energy Cancels Gas Shipments to Italy

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Al-Saudi Investment reports 499M riyals profit

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Mohammed bin Rashid extends condolences on Abdullah bin Kharbash's death

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Investment Bank to pay 499.34M Riyals dividends

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23 Hrs2026-07-28T13:17:49.113Z
Investment Bank to pay 499.34M Riyals dividends
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Saudi Water Authority localizes energy recovery manufacturing

Saudi Water Authority localizes energy recovery manufacturing

The Saudi Water Authority has announced the establishment of the world's first factory outside the United States for manufacturing energy recovery devices, which are considered a strategic technology in the field of water desalination. The project aims to strengthen the local desalination industry, reduce reliance on imports, and achieve self-sufficiency by producing 2,000 devices annually starting from the first quarter of 2027, with 40% of the production allocated to regional and international markets. The project contributes to increasing the efficiency of desalination plants, decreasing energy consumption, and enhancing the reliability of water supplies. The market opportunities for this industry are estimated at more than 547 million SAR, with expectations that the project will contribute approximately 137 million SAR to the gross domestic product by 2033. It will also create over 50 jobs, with localization rates exceeding 80%, supporting the development of national capabilities and the localization of specialized industries.

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