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ACWA Power Chosen as Preferred Bidder for Dubai Water Project

Saudi Arabia’s ACWA Power is the “Preferred Bidder” for the construction and operation of Dubai Water Project - WAM
Saudi Arabia’s ACWA Power is the “Preferred Bidder” for the construction and operation of Dubai Water Project - WAM
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ACWA Power Chosen as Preferred Bidder for Dubai Water Project

Saudi Arabia’s ACWA Power is the “Preferred Bidder” for the construction and operation of Dubai Water Project - WAM
Saudi Arabia’s ACWA Power is the “Preferred Bidder” for the construction and operation of Dubai Water Project - WAM

UAE’s Dubai Electricity and Water Authority (DEWA) has selected Saudi Arabia’s ACWA Power as preferred bidder for construction and operation of phase 1 of its Hassyan sea water desalination project.

The 3.36 billion dirham ($914.91 million) Independent Water Producer (IWP) project has projected capacity of 180 million imperial gallons per day.

This project is the largest of its kind in the world for water production based on Sea Water Reverse Osmosis (SWRO) technology using solar energy. It is DEWA’s first Independent Water Producer (IWP) model project. The water desalination capacity in Dubai is currently 490 MIGD. This capacity will increase to 670 MIGD in 2026 with the completion of this project.

DEWA received 29 expressions of interest from international developers to implement this project. The Request for Qualification (RFQ) was released to market on 18th October 2022, according to WAM.

Six international companies were qualified to submit their bids. DEWA received two bids from ACWA Power and Abu Dhabi National Energy Company PJSC (TAQA) on 22nd of May 2023 in response to the Request for Proposal (RFP) released to the market on 09 of December 2022.

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Saudi Mining Licenses Reach 2,401 by End of 2024

Saudi Mining Licenses Reach 2,401 by End of 2024
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Saudi Mining Licenses Reach 2,401 by End of 2024

Saudi Mining Licenses Reach 2,401 by End of 2024

The Saudi Ministry of Industry and Mineral Resources announced on Sunday that the number of valid mining licenses in the Kingdom has reached 2,401 by the end of 2024.

The licenses cover various categories, including mining, exploration, reconnaissance, building materials quarries, and small mine operations.

According to the 2024 Mining Sector Indicators Bulletin, issued by the National Industrial and Mining Information Center, the majority of these licenses were granted for building materials quarries (1,481), followed by exploration (642), mining and small mining exploitation (215), reconnaissance (41), and surplus mineral ore extraction (22).

The bulletin serves as a critical tool for monitoring developments in the mining sector, tracking both existing and newly issued licenses across various regions of the Kingdom. By boosting transparency and providing accurate data, the initiative supports investors and decision-makers in making informed choices that contribute to the sector’s growth and sustainability.