Neom to Adopt Unique ‘Solar Dome’ Desalination Plant

Neom to Adopt Unique ‘Solar Dome’ Desalination Plant
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Neom to Adopt Unique ‘Solar Dome’ Desalination Plant

Neom to Adopt Unique ‘Solar Dome’ Desalination Plant

The Neom smart-city project will use cutting-edge solar technology to power a desalination plant that produces clean, low-cost, environmentally friendly freshwater. The decision aims to enhance the megacity’s position as a new global tourism destination, a center of innovation and environmental conservation, and as an accelerator of human progress.

Neom signed an agreement with UK business Solar Water Limited to build a desalination plant in the northwest of the Kingdom that uses the newly developed “solar dome” technology. It is hoped that thef first-of-its-kind, completely sustainable and carbon-neutral facility will shape the future of desalination in Neom, the Kingdom and throughout the world.

Work on the solar dome project will begin in February and is expected to be completed by the end of the year. The technology it employs will significantly reduce the environmental impact of the desalination process by producing less saline solution, a byproduct that can harm natural ecosystems.

The pioneering and innovative approach from Solar Water Limited, which was developed at Cranfield University in the UK, represents the first widespread use of concentrated solar power technology in desalination, Neom said.

Seawater is pumped into a hydrological solar dome made of glass and steel, where it is heated and evaporated to remove the salt. The process can continue at night thanks to the storage of solar energy generated throughout the day. The technology helps to prevent any damage to marine life as it does not dump saline solution created by the process back into the sea.

“Neom’s adoption of the experimental version of this program supports the sustainability goals set by the Ministry in the Kingdom, as shown in the National Water Strategy 2030, and is fully in line with the sustainable-development goals set by the United Nations,” said Minister of Environment, Water and Agriculture Abdulrahman Al-Fadhli.

Neom CEO Nadhmi Al-Nasr said that the megacity project has easy access to abundant amounts of seawater and completely renewable energy resources, which puts it in the ideal position to produce low-cost and sustainable fresh water using solar-powered desalination.

He added that the adoption of this type of technology reflects Neom’s commitment to supporting innovation, protecting the environment and preserving its purity to provide a comfortable and exceptional life. It also raises the possibility of using the technology in other parts of Saudi Arabia in cooperation with the Ministry of Environment, Water and Agriculture.

David Reavley, the CEO of Solar Water Ltd, said: “Currently, thousands of desalination plants around the world rely heavily on burning fossil fuels for water extraction, and we have the technology to desalinate water in a way that is completely sustainable and 100 percent carbon neutral."

“We are happy to partner with Neom, which has a strong vision of what the new future looks like in harmony and integration with nature.”



Egypt’s Sovereign Wealth Fund CEO Resigns

A farmer carries a box of mangoes in Ismailia, Egypt (Reuters)
A farmer carries a box of mangoes in Ismailia, Egypt (Reuters)
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Egypt’s Sovereign Wealth Fund CEO Resigns

A farmer carries a box of mangoes in Ismailia, Egypt (Reuters)
A farmer carries a box of mangoes in Ismailia, Egypt (Reuters)

The head of the Sovereign Fund of Egypt (TSFE), Ayman Soliman, has resigned, informed Egyptian sources revealed on Thursday.
They said Soliman resigned last June, around the time of the July ministerial shuffle, with his final working day set for the end of August.
A bill was already sent to the Egyptian House of Representatives to discuss transferring the Fund’s affiliation to the Prime Minister's Office.
In February 2019, Egypt formed the sovereign wealth fund to take control of some of the government's most promising assets in industries such as power and real estate, to bring in private investors to develop them.
Soliman was appointed as head of the fund in 2019 for an initial three-year term that was subsequently extended.
His resignation had been anticipated, with one government source saying the country's political leadership wanted to introduce fresh faces into key positions as part of a broader reshuffle, according to Reuters.
As of July, the Fund oversees approximately $12 billion in assets. It has attained the 48th position in the top 100 largest sovereign funds by total assets.
TSFE currently runs and operates five sub-funds: Infrastructure and Utilities Sub-Fund, Healthcare and Pharmaceuticals Sub-Fund, Tourism, Real Estate and Antiquities Sub-Fund, Financial Services and Fintech Sub-Fund, and Asset Management and Restructuring Sub-Fund.

Separately, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Thursday that Egypt’s unemployment rate fell to 6.5% in the second quarter (Q2) of 2024, nearly a 0.2% decrease compared to Q1.
In May, government data showed that during Q1 of 2024, the labor force was estimated to consist of 31.397 million individuals, reflecting a 1.0% increase from the previous quarter's 31.101 million individuals. Of this total, 13.758 million individuals were part of the urban labor force, while 17.639 million individuals were part of the rural labor force.