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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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South Korea Seeks to Resolve Any ‘Misunderstanding’ with US about Tariff Rates 

South Korea's acting President and Deputy Prime Minister Choi Sang-mok speaks during the 106th Independence Movement Day ceremony at Soongeui Women's University in Seoul on March 1, 2025. (AFP)
South Korea's acting President and Deputy Prime Minister Choi Sang-mok speaks during the 106th Independence Movement Day ceremony at Soongeui Women's University in Seoul on March 1, 2025. (AFP)
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South Korea Seeks to Resolve Any ‘Misunderstanding’ with US about Tariff Rates 

South Korea's acting President and Deputy Prime Minister Choi Sang-mok speaks during the 106th Independence Movement Day ceremony at Soongeui Women's University in Seoul on March 1, 2025. (AFP)
South Korea's acting President and Deputy Prime Minister Choi Sang-mok speaks during the 106th Independence Movement Day ceremony at Soongeui Women's University in Seoul on March 1, 2025. (AFP)

South Korea's acting president on Monday ordered authorities to actively communicate with the US administration to resolve any misunderstanding over tariffs, after US President Donald Trump recently singled out South Korea for applying high tariffs.

Trump, who has told his economic team to prepare reciprocal tariff plans by early April, said last week during an address to the US Congress that South Korea's average tariff was four times higher than that of the United States, despite military and other assistance Washington has provided to its Asian ally.

Acting President Choi Sang-mok "ordered to actively explain to the US about any misunderstanding of our tariff rates on US imports," the finance ministry said in a statement.

South Korea imposes the second-highest tariff rate among the top 15 US trading partners after India, but for US imports, nearly all tariffs are eliminated under their free trade agreement first signed in 2007 and revised in 2018 during Trump's first term.

As of 2024, South Korea's effective tariff rate on US imports stood at 0.79%, according to Seoul's trade ministry.

Choi said the government would also review non-tariff measures, which Trump said would be considered in his reciprocal tariff plan.

The acting president asked South Korean officials to prepare for consultations with the US on cooperation in the shipbuilding and energy sectors.

Trump had said during his speech that Japan, South Korea and other countries wanted to partner on a natural gas pipeline in Alaska.

South Korea's industry ministry has said the country would "actively engage" in discussions with the US on the project, though said no details had been decided.