‘Saudi Desalination’: Chinese Plants for Brine Mining Operational by 2026

One of the factories under Saudi Arabia’s Saline Water Conversion Corporation (SWCC) for brine water mining (Asharq Al-Awsat)
One of the factories under Saudi Arabia’s Saline Water Conversion Corporation (SWCC) for brine water mining (Asharq Al-Awsat)
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‘Saudi Desalination’: Chinese Plants for Brine Mining Operational by 2026

One of the factories under Saudi Arabia’s Saline Water Conversion Corporation (SWCC) for brine water mining (Asharq Al-Awsat)
One of the factories under Saudi Arabia’s Saline Water Conversion Corporation (SWCC) for brine water mining (Asharq Al-Awsat)

The General Manager of Commercial Services at the Saline Water Conversion Corporation (SWCC), Eng. Mohammed Al-Ghamdi, announced the start of operations for two new Chinese plants at the Ras Al Khair station in eastern Saudi Arabia.

These plants will focus on utilizing brine water and extracting minerals, with operations beginning in the first quarter of 2026.

The SWCC has made agreements with local and international companies to develop investment opportunities in brine mining.

These agreements were disclosed during the Future Minerals Forum in Riyadh last week.

As part of these agreements, two plants will be established in collaboration with Chinese partners in Ras Al Khair, targeting the extraction of essential minerals and salts from brine water, contributing to the circular economy outlined in “Vision 2030.”

Brine water, a byproduct of seawater desalination, contains high levels of salts and minerals like sodium chloride, magnesium chloride, potassium chloride, bromine, and others.

This approach helps reduce waste from seawater desalination and lessens reliance on mineral imports.

Al-Ghamdi emphasized the importance of brine water due to its high salt content.

He highlighted that extracting minerals and essential elements from it for the market is cost-effective and energy-efficient, presenting significant economic opportunities given the abundance of these waters.

Al-Ghamdi shared that investments in brine mining are projected to reach about SAR 8 billion ($2.1 billion dollars) by 2030, boosting the local economy.

He pointed out upcoming efforts to extract essential minerals like magnesium, potassium, and high-purity sodium chloride. These minerals are vital for diverse industries in the Kingdom.

Al-Ghamdi confirmed that the new plants will help produce elements like sodium and bromine within the Kingdom, reducing the need for imports

The goal is to meet 25%- 40% of the local market demand by 2030.



Egypt Imposes Business Curfew to Counter Soaring Fuel Costs

Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
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Egypt Imposes Business Curfew to Counter Soaring Fuel Costs

Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)
Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz (File Photo)

Egypt has ordered shops, restaurants and shopping malls to close from 9:00 pm from Saturday, hoping to curb energy bills that have more than doubled because of the Iran war.

Prime Minister Mostafa Madbouly announced the curfew and said it would last for a month initially.

"Shops, shopping centers, restaurants and cafes will all close at 9:00 pm on weekdays," he said, adding that on Thursdays and Fridays at the weekend they will be allowed to stay open until 10:00 pm, Reuters reported.

The premier said that before the war, Egypt's monthly energy bill was $560 million. Today, for the same quantity, he said Egypt is paying $1.650 billion.

Madbouly said Cairo must work on the "worst-case scenario" in the face of a war whose outcome is unpredictable.

Tourism Minister Sherif Fathy said the new restrictions "will not affect tourists" or flagship destinations, a statement from his office said.

At the beginning of March, Cairo was forced to raise fuel prices by more than 30 percent, after strikes on regional oil infrastructure and threats against the Strait of Hormuz, the crucial shipping route now virtually paralysed by the war.

Around a fifth of global crude oil and liquefied natural gas passes through the waterway in peacetime.

The rerouting of shipping away from the Suez Canal is also depriving Cairo of a vital source of foreign currency.


Turkish Central Bank Forex Sales since Start of Iran War Close to $45 Billion

Turkish Central Bank (official website)
Turkish Central Bank (official website)
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Turkish Central Bank Forex Sales since Start of Iran War Close to $45 Billion

Turkish Central Bank (official website)
Turkish Central Bank (official website)

The Turkish Central Bank's balance sheet for this week will show foreign exchange sales amounting to near $20 billion, bringing the total forex sales since the beginning of the Iran war to nearly $45 billion, bankers said, Reuters reported.

According to calculations made by four bankers, based on preliminary data for the first part of the week and their estimates for the rest of the week, the central bank's balance sheet will show $18-21 billion in foreign exchange sales.

Bankers said that although $8 billion of the total $20 billion was made before a public holiday last week, this figure will be reflected in the balance sheet on the first day of this week.

The central bank sold $26 billion in foreign exchange in the first three weeks of the war, using its gold reserves as well, resulting in a $35 billion decrease in its net reserves.


Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port
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Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

Mawani Adds Marsa Ocean Shipping's RSX Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) has announced the addition of the RSX service by Marsa Ocean Shipping to Jeddah Islamic Port, featuring a capacity of up to 372 TEUs and connecting Jeddah with the regional ports of Aden, Hodeidah, and Djibouti, SPA reported.

This expansion aligns with the National Transport and Logistics Strategy, aiming to enhance the Kingdom’s operational efficiency and its ranking in global performance indicators.

As a primary gateway, Jeddah Islamic Port utilizes its 62 multipurpose berths and specialized terminals to support a total capacity of 130 million tons, reinforcing Saudi Arabia’s position as a global logistics hub connecting three continents.