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Saudi Arabia Signs 3 MoUs to Develop Local Water Valve Industry

The Saudi National Water Strategy 2030 aims to address major challenges by benefitting from previous and ongoing studies. Asharq Al-Awsat
The Saudi National Water Strategy 2030 aims to address major challenges by benefitting from previous and ongoing studies. Asharq Al-Awsat
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Saudi Arabia Signs 3 MoUs to Develop Local Water Valve Industry

The Saudi National Water Strategy 2030 aims to address major challenges by benefitting from previous and ongoing studies. Asharq Al-Awsat
The Saudi National Water Strategy 2030 aims to address major challenges by benefitting from previous and ongoing studies. Asharq Al-Awsat

As part of Saudi Arabia’s endeavor to support, strengthen and develop the local industry for the production of water valves, the National Water Company (NWC) concluded on Tuesday MoUs with three national companies, namely Saudi Amicon, Saudi Pipe Systems (SPS) and the AVK Saudi Valve Manufacturing Company.

The MoUs were signed by Eng. Nemer Alshebl, CEO-designate of the National Water Company, with Firas Al-Harbi, CEO of Amicon Saudi Arabia Ltd., Mohammed Al-Enezi, General Manager of the Saudi Pipe Systems Factory Ltd., and Mads Helge, General Manager of the AVK Saudi Valves Manufacturing Company Ltd.

Alshebl said that the MoUs concluded with the three companies would contribute to strengthening the local content, supporting the national industry of water valves, and raising quality efficiency, in accordance with the company's standards and procedures.

He added that the agreements came in line with the national water strategic directions, which give priority to national factories to meet the company’s needs, project components, and supply chains, in a way that benefits the national economy through local goods, assets and technology.

The Saudi National Water Strategy 2030 aims to address major challenges by benefitting from previous and ongoing studies, and to reform the water and sanitation sector by ensuring the sustainable development of resources in the Kingdom, while providing high quality services at reasonable prices.

Meanwhile, representatives from the Saline Water Conversion Corporation (SWCC), participated in the Cairo International Water Week, where they presented the Corporation’s innovative solutions for resource sustainability and environmental security, as well as recent initiatives to shift to clean energy and green hydrogen.

SWCC representatives also highlighted the importance of green hydrogen as an essential element in any de-carbonization strategy, which they said would become competitive in terms of cost by mid-2030, according to official international indicators.

SWCC revealed that the demand for green hydrogen was expected to witness a rapid increase, to reach 21% of the world’s total final energy consumption by 2050.

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Bahrain Inaugurates Bapco Refinery’s Modernization Project

Bahrain’s King Hamad bin Isa Al Khalifa during the inauguration of the Bapco Modernization Project (BMP). Photo: BNA
Bahrain’s King Hamad bin Isa Al Khalifa during the inauguration of the Bapco Modernization Project (BMP). Photo: BNA
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Bahrain Inaugurates Bapco Refinery’s Modernization Project

Bahrain’s King Hamad bin Isa Al Khalifa during the inauguration of the Bapco Modernization Project (BMP). Photo: BNA
Bahrain’s King Hamad bin Isa Al Khalifa during the inauguration of the Bapco Modernization Project (BMP). Photo: BNA

Bahrain’s King Hamad bin Isa Al Khalifa has inaugurated the Bapco Modernization Project (BMP), which stands as the largest strategic undertaking in the Kingdom’s history and a pivotal development in the energy sector. It is expected that production capacity will reach 400,000 barrels per day.

The inauguration took place on Thursday in the presence of Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, and on Bahrain’s 53rd National Day celebrations and the Silver Jubilee of the King’s accession.

The King underscored the significance of BMP in fostering national development and sustainability, aligning with Bahrain’s ambition to maximize the value of its natural resources for economic and societal advancement.
"This landmark project reflects our enduring commitment to sustainable growth, utilizing the Kingdom of Bahrain’s natural energy resources to power economic progress and development," he stated.

King Hamad highlighted the BMP’s role in driving the Kingdom’s energy transition strategy, emphasizing the government’s steadfast dedication under the leadership of the Crown Prince and Prime Minister to advancing economic recovery through strategic investments in high-potential sectors.

Group Chief Executive Officer of Bapco Energies Mark Thomas and Dr. Abdulrahman Jawahery, Chief Executive Officer of Bapco Refining, highlighted during a joint press conference held on the sidelines of the inauguration of BMP, that the initiative marks a significant step towards enhancing Bahrain’s production capacity in oil refining.

They noted that the project is expected to substantially support the national economy and increase revenues, representing a strategic step to strengthen Bahrain’s economy by creating new jobs and improving the quality of petroleum products, with a focus on employing Bahrainis in the project.

They also expressed their optimism about the strategic project, which will serve as a foundation for launching new initiatives to enhance Bahrain's position as a leading investment destination. It is expected that production capacity will reach 400,000 barrels per day, representing a 42% increase.

Jawahery highlighted the historical cooperation between Bahrain and Saudi Arabia, commending the partnership between Bapco and Saudi Aramco. "We currently import 220,000 barrels per day of Saudi crude oil, and with the project’s completion, imported quantities will exceed 320,000 barrels per day. This sustainable cooperation spanning more than 70 years serves as a model for Gulf integration," he said.