10 Alliances Seek Offshore Mining Opportunities in Saudi Arabia

Attendees as the launch of the Innovation Driven Desalination Conference in Jeddah on Monday. (Asharq Al-Awsat)
Attendees as the launch of the Innovation Driven Desalination Conference in Jeddah on Monday. (Asharq Al-Awsat)
TT

10 Alliances Seek Offshore Mining Opportunities in Saudi Arabia

Attendees as the launch of the Innovation Driven Desalination Conference in Jeddah on Monday. (Asharq Al-Awsat)
Attendees as the launch of the Innovation Driven Desalination Conference in Jeddah on Monday. (Asharq Al-Awsat)

Ten alliances are interested in mining the seas to extract sodium fluoride, minerals, and salts of the reverse water, announced the Governor of the Saline Water Conversion Corporation (SWCC), Abdullah al-Abdul-Karim.

Speaking to Asharq Al-Awsat on the sidelines of the Innovation Driven Desalination conference in Jeddah, al-Abdul-Karim said that the SWCC is in talks with these alliances that intend to enter the market in July.

He explained that the Corporation presents many opportunities, including locally producing reverse osmosis membranes with advanced specifications that reduce energy consumption and increase efficiency.

Al-Abdul-Karim stressed that authorities are exerting efforts to ensure water desalination is crucial in increasing the local economic output and local content and reducing the cost of desalinated water production inside and outside the Kingdom.

The Governor added that the Corporation is cooperating with the US Energy Agency in extracting lithium from reverse seawater. Lithium is a crucial element in energy storage, and the world is moving towards energy storage and batteries.

All the industries offered by the Corporation need "innovative minds and bold investors" and tenders are available now, said al-Abdul-Karim, adding: "We are dealing with more than ten local and global alliances to work and implement these initiatives."

Saudi Arabia "is on the verge of many developmental and giant projects that the next stage requires, led by the government of the Custodian of the Two Holy Mosques, and Crown Prince Mohammad bin Salman."

The Governor stated that the Kingdom must maintain its leading position, indicating that Saudi Arabia is a pioneer in desalination.

"Today, Saudi Arabia is a pioneer in mining reverse water from the seas and maximizing the benefits in the industrial and health fields," he explained.

He added that the Corporation is aiming for the innovations to positively impact the environment, increase efficiency, and reduce costs.

"We will gradually increase the reduction of carbon emissions until we reach 34 million tons per year by 2024."

Upon completion, the systems will reduce state budgets and about SR8.8 billion worth of fuel used to produce water.

SWCC organized the Innovation Driven Desalination conference to explore the latest innovations and technologies in the water desalination industry with the participation of the International Desalination Association (IDA) and specialized companies.

Minister of Environment, Water, and Agriculture Engineer Abdul Rahman al-Fadhli discussed Monday many issues in the water sector and the mechanism for benefiting from innovations.

The conference is a global platform that brings together more than 120 experts, scientists, investors, and about 30 leading organizations in water desalination.

It also provides a significant opportunity to discuss the latest achievements and innovations in the desalination industry, which will help design a roadmap for a more sustainable future for the global water sectors.

Secretary-General of the International Desalination Association (IDA) Shannon McCarthy and Director of Desalination Technologies Research Institute (DTRI) Ahmed al-Amoudi discussed during the opening session the importance of innovation and its role in developing the desalination industry and its technologies.

Secretary-General of the European Desalination Society (EDS) Miriam Balaban gave a presentation on the "Milestones of Innovation in Desalination," followed by a presentation by Bernard Koh, the Assistant CEO of the Singapore Public Utilities Board (PUB), on "Singapore's Journey in Desalination."

ACWA Power Executive Vice President Thomas Altmann and Dr. Seung-Hyun Kim presented several ideas and initiatives during the "Breaking Cost and Energy Barriers of Desalination."

Deputy Research Director at the National Center for Artificial Intelligence (NCAI) at the Saudi Data and Artificial Intelligence Authority (SDAIA) Abdulrahman Habib gave a presentation on "Innovation: Realizing the Future, Today."

The participants underscored the importance of shaping the future of the desalination industry to meet the needs of the global municipal and industrial sectors by enabling innovation and advanced sciences.



UK Inflation Falls to 3.0% in January

Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)
Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)
TT

UK Inflation Falls to 3.0% in January

Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)
Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)

Britain's annual ‌rate of consumer price inflation fell to 3.0% in January from 3.4% in December, official figures showed on Wednesday.

A Reuters poll of economists had shown a median forecast of 3.0% in January and the Bank of England projected earlier this month that the headline measure of inflation would slow to ‌2.9%.

British inflation ‌has run higher than in ‌the ⁠United States and in ⁠the euro zone where it stood at 2.4% and 1.7% respectively in January.

But the BoE expects the pace of price rises to slow sharply to almost its 2% target in ⁠April as last year's rises ‌in utility costs and ‌other government-controlled tariffs fall out of ‌the annual comparison.

Investors expect the central bank ‌to cut its benchmark interest rate to 3.5% at its next meeting in March after a tight vote to keep borrowing costs ‌on hold in February although some policymakers remain worried about underlying ⁠inflation ⁠pressure.

Financial markets on Tuesday also priced a second quarter-point interest rate cut by the BoE by the end of in 2026.

ONS data last week painted a downbeat picture of Britain's economy at the end of 2025 with output barely growing. Figures released on Tuesday showed the labor market was still losing jobs although there were some signs of a stabilization.


Riyadh to Host Middle East’s Largest General Aviation Airshow in November 

The AERO Middle East x Sand & Fun 2026 will be held in Riyadh from November 24 to 28. (SPA)
The AERO Middle East x Sand & Fun 2026 will be held in Riyadh from November 24 to 28. (SPA)
TT

Riyadh to Host Middle East’s Largest General Aviation Airshow in November 

The AERO Middle East x Sand & Fun 2026 will be held in Riyadh from November 24 to 28. (SPA)
The AERO Middle East x Sand & Fun 2026 will be held in Riyadh from November 24 to 28. (SPA)

The Saudi Aviation Club announced that it will organize the AERO Middle East x Sand & Fun 2026 in Riyadh from November 24 to 28, reported the Saudi Press Agency on Tuesday.

The event is set to be the largest of its kind for general aviation in the Middle East, combining international business, investment, and innovation with live flying displays and interactive public experiences. It is being held in partnership with Messe Frankfurt Saudi Arabia.

Held at Thumamah Airport, the exhibition will bring together leading global companies operating in the general aviation industry, including aircraft and components manufacturers, avionics and navigation systems providers, as well as maintenance, repair, and overhaul (MRO) companies, offering an integrated platform that covers the full value chain of the sector.

The event will also spotlight startups in advanced air mobility (AAM) and innovators of electric vertical take-off and landing (eVTOL) aircraft, showcasing technologies and business models shaping the future of aviation.

General Supervisor of the Saudi Aviation Club Dr. Ahmed Alfahaid stated that AERO Middle East x Sand & Fun 2026 represents a qualitative leap for the Kingdom’s aviation sector and reinforces its positioning as a global hub for general aviation and advanced air mobility.

The partnership with Messe Frankfurt Saudi Arabia goes beyond presenting global innovations to providing a vital platform for international investment and strategic collaboration, he stressed.

Moreover, the event contributes to achieving Saudi Vision 2030 objectives, including the Kingdom’s ambition to rank among the world’s top 10 general aviation markets, he added.


Saudi Arabia, Kazakhstan Agree to Establish Coordination Council

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz receives Kazakhstan’s Foreign Minister Yermek Kosherbayev in Riyadh. (SPA)
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz receives Kazakhstan’s Foreign Minister Yermek Kosherbayev in Riyadh. (SPA)
TT

Saudi Arabia, Kazakhstan Agree to Establish Coordination Council

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz receives Kazakhstan’s Foreign Minister Yermek Kosherbayev in Riyadh. (SPA)
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz receives Kazakhstan’s Foreign Minister Yermek Kosherbayev in Riyadh. (SPA)

Saudi Arabia and Kazakhstan agreed to establish a Saudi-Kazakh Coordination Council, reported the Saudi Press Agency on Tuesday.

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz received in Riyadh Kazakhstan’s Foreign Minister Yermek Kosherbayev. Saudi FM Prince Faisal bin Farhan bin Abdullah and Minister of Energy of Kazakhstan Yerlan Akkenzhenov also attended the meeting.

The talks tackled the establishment of the coordination council, which will be chaired by the Saudi minister of energy and Kazakhstan’s foreign minister. The council reflects the two countries’ commitment to strengthening cooperation and expanding their bilateral partnership.

Prince Abdulaziz and Kosherbayev signed an agreement on the establishment of the council, which aims to boost coordination and consultation between the two countries and develop frameworks for cooperation across various sectors of mutual interest, elevating bilateral relations to broader levels.

Prince Abdulaziz and Kosherbayev discussed relations between their countries and ways to develop them further, especially in the energy field. They tackled opportunities for cooperation and investment in renewable energy and energy storage systems and discussed oil market developments.