Saudi Arabia: $800 Mn Invested in Water Projects to Serve Pilgrims

Governor of Makkah Region and Advisor to the Custodian of the Two Holy Mosques Prince Khalid al-Faisal during the inauguration (SPA)
Governor of Makkah Region and Advisor to the Custodian of the Two Holy Mosques Prince Khalid al-Faisal during the inauguration (SPA)
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Saudi Arabia: $800 Mn Invested in Water Projects to Serve Pilgrims

Governor of Makkah Region and Advisor to the Custodian of the Two Holy Mosques Prince Khalid al-Faisal during the inauguration (SPA)
Governor of Makkah Region and Advisor to the Custodian of the Two Holy Mosques Prince Khalid al-Faisal during the inauguration (SPA)

Governor of Makkah Region and Adviser to the Custodian of the Two Holy Mosques Prince Khalid al-Faisal inaugurated several water projects in Makkah and the Holy Sites to serve pilgrims during this year’s Hajj season.

The projects will pump additional quantities for seasonal consumption by about 400 thousand cubic meters, which benefit the pilgrims in Makkah and Holy Sites during Hajj rituals.

Minister of Environment, Water and Agriculture Abdulrahman bin Abdulmohsen al-Fadley said the inauguration of the six major water projects confirmed the leadership’s attention to the water sector and its services in Makkah and the holy sites.

The projects were established by the Saline Water Conversion Corporation and the National Water Company.

Speaking at the inauguration ceremony, Fadley announced that the total value of the executed projects reached $800 million for the 15 million pilgrims Saudi Arabia expects to receive by 2020 and 30 million by 2030.

He explained that his ministry is keen to ensure that all water projects and plans are based on the objectives of the National Water Strategy and the comprehensive water plan in the Kingdom to reach a sustainable water sector that develops and maintains water resources.

These projects include transferring desalinated water from the plant in Shuaibah to Makkah and the holy sites, at a total cost of more than $233 million.

They also include the Shuaibah II Water Development Project with a capacity of about 250,000 meters of a cost exceeding $313 million.

In addition to that, projects involve the water networks, household connections, strategic tanks, and connecting sewage networks and connections, at a cost of over $160 million in a number of neighborhoods of Makkah and the holy sites.

The Minister stressed that these projects are always aimed at raising the readiness to increase the capacity of the water sector, providing pilgrims services.

These projects are mostly designed and implemented by Saudi competencies, indicated Fadley, adding that one of these projects was implemented in collaboration with the private sector.

On foreign investments in the water sector, Fadley announced there is a new plant under construction in Rabigh, another in al-Shuqaiq, and soon in Ras al-Khair and Jubail, in addition to the treatment plant in Taif and Jeddah.

Shuaibah II Water Development Project Company (STPC) is a company developed to meet accelerating demand for desalinated water in Saudi Arabia. Utilizing seawater reverse osmosis technology, the plant is expected to have the capacity of 250,000 m3 per day. This desalination plant will contribute to tackling the water security challenges in the Kingdom, the world’s largest producer of desalinated water.

The National Water Company has implemented the strategic reservoir project, estimated at a total capacity of 560 thousand cubic meters, and a cost exceeding $48.5 million. It will serve the increased demand for water in Masjid al-Haram.



Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
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Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.


Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
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Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.


Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
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Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.