Desalination Reduces Carbon Emissions by 22% of Saudi Arabia’s Total Targets

SWCC aims to strengthen its global leadership in the desalination industry. (Asharq Al-Awsat)
SWCC aims to strengthen its global leadership in the desalination industry. (Asharq Al-Awsat)
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Desalination Reduces Carbon Emissions by 22% of Saudi Arabia’s Total Targets

SWCC aims to strengthen its global leadership in the desalination industry. (Asharq Al-Awsat)
SWCC aims to strengthen its global leadership in the desalination industry. (Asharq Al-Awsat)

The Saline Water Conversion Corporation (SWCC) announced on Thursday that it has succeeded in curbing carbon dioxide emissions by 28 million tons annually, which represents 22 percent of the Kingdom’s total target for the year 2030.

Eng. Mamdouh Al-Shuaiby, Executive Manager of Industrial Security and Environment at the SWCC, told Asharq Al-Awsat that the corporation would gradually dispense with thermal desalination plants and replace them with environmentally-friendly reverse osmosis (RO) technology.

He noted that a new initiative was launched in coordination with the Water Transport and Technology Company to raise the level of environmental commitment in water transmission systems, by developing an environmental management system and relevant construction and operational licenses.

Shuaiby emphasized that the RO system was one of the best eco-friendly technologies for not involving burning processes and emissions. He said that the corporation was working on developing a system that absorbs gases emitted from chimneys and converts them into investment products.

In a statement, the SWCC said it has invested its engineering and research expertise to expand the design innovation, implementation and supply of the new high-efficiency desalination plant that consumes less energy and is more flexible in operation and mobility.

SWCC said it aims to “strengthen its global leadership in the desalination industry, continue its plans to achieve the goals of the Kingdom’s Vision 2030, and enable local content in all its current and future development projects.”



Saudi Transport, Logistics Sector Set for 10% Growth in Q2

An investor monitors a trading screen at the Saudi financial market in Riyadh. (AFP)
An investor monitors a trading screen at the Saudi financial market in Riyadh. (AFP)
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Saudi Transport, Logistics Sector Set for 10% Growth in Q2

An investor monitors a trading screen at the Saudi financial market in Riyadh. (AFP)
An investor monitors a trading screen at the Saudi financial market in Riyadh. (AFP)

As Saudi companies start reporting their Q2 financial results, experts are optimistic about the transport and logistics sector. They expect a 10% annual growth, with total net profits reaching around SAR 900 million ($240 million), driven by tourism and an economic corridor project.

In Q1, the seven listed transport and logistics companies in Saudi Arabia showed positive results, with combined profits increasing by 5.8% to SAR 818.7 million ($218 million) compared to the previous year.

Four companies reported profit growth, while three saw declines, including two with losses, according to Arbah Capital.

Al Rajhi Capital projects significant gains for Q2 compared to last year: Lumi Rental’s profits are expected to rise by 31% to SAR 65 million, SAL’s by 76% to SAR 192 million, and Theeb’s by 23% to SAR 37 million.

On the other hand, Aljazira Capital predicts a 13% decrease in Lumi Rental’s net profit to SAR 43 million, despite a 44% rise in revenue. This is due to higher operational costs post-IPO.

SAL’s annual profit is expected to grow by 76% to SAR 191.6 million, driven by a 29% increase in revenue and higher profit margins.

Aljazira Capital also expects a 2.8% drop in the sector’s net profit from Q1 due to lower profits for SAL and Seera, caused by reduced revenue and profit margins.

Mohammad Al Farraj, Head of Asset Management at Arbah Capital, told Asharq Al-Awsat that the sector’s continued profit growth is supported by seasonal factors like summer travel and higher demand for transport services.

He predicts Q2 profits will reach around SAR 900 million ($240 million), up 10% from Q1.

Al Farraj highlighted that the India-Middle East-Europe Economic Corridor (IMEC), linking India with the GCC and Europe, is expected to boost sector growth by improving trade and transport connections.

However, he warned that companies may still face challenges, including rising costs and workforce shortages.