Saudi Arabia, Japan to Establish Largest Reverse Osmosis Water Project in Middle East

Saudi Arabia and Japan are working on a joint project to build an integrated reverse osmosis membrane desalination plant. (Asharq Al-Awsat)
Saudi Arabia and Japan are working on a joint project to build an integrated reverse osmosis membrane desalination plant. (Asharq Al-Awsat)
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Saudi Arabia, Japan to Establish Largest Reverse Osmosis Water Project in Middle East

Saudi Arabia and Japan are working on a joint project to build an integrated reverse osmosis membrane desalination plant. (Asharq Al-Awsat)
Saudi Arabia and Japan are working on a joint project to build an integrated reverse osmosis membrane desalination plant. (Asharq Al-Awsat)

Saudi Arabia and Japan are working on a joint project to build an integrated reverse osmosis membrane desalination plant.

During a press conference in Riyadh on Saturday the Saline Water Conversion Corporation signed a contract to establish the first plant in the Middle East and the second of its kind outside Japan the Saudi Press Agency reported.

The event was held under the patronage of Eng. Abdul Rahman Al-Fadhli, Minister of Environment, Water and Agriculture.

The construction of the plant will take place entirely within in the Kingdom, carried out by a Saudi-Japanese team in partnership with the Local Content and Government Procurement Authority, and the Government Expenditure and Projects Efficiency Authority.

The project aims to enhance the Kingdom’s leadership potential and to adopt and maximize the use of its engineering capabilities in the desalination industry, by providing innovative solutions that make water sources sustainable, environmentally friendly, and highly energy efficient.

The factory will be established and implemented according to the highest standards and the latest technologies in this field.

The project also seeks to cover the high and increasing demand for the promising industry at the local and global levels, with the volume of demand estimated at 690 million riyals ($184 million) in Saudi Arabia by 2025, in addition to reducing the cost rate by about 14 percent and energy consumption by 4 percent.

Eng. Abdullah Al-Abdul Karim, Governor of SWCC, stressed that the localization of promising industries in the field of saline water desalination was an extension of the comprehensive national economic development, in accordance with Vision 2030 and the objectives of the national strategy for industry.

He added that the environment-friendly reverse osmosis membranes industry was one of the most important options for the desalination industry in the world, adding that the demand for this technology was increasing at an annual rate of 6 percent locally and 7 percent in the Gulf.

Al-Abdul Karim stated that the project meets the aspirations of raising efficiency standards, reducing energy consumption and strengthening water security.

“These industries will soon create abundant and attractive investment opportunities that support local content, with local production inputs exceeding 70 percent. It is expected that the export percentage of the entire production of the membrane factory will exceed 30 percent, which reinforces the country’s position as a vital base for leading industries with its promising opportunities and markets,” he underlined.

The SWCC is working to localize the desalination industry as part of efforts to promote and empower local employment initiatives through the creation of new industries.



Saudi Arabia Issues 438 Industrial Licenses Worth $1.28 Billion in July

File photo of the Saudi capital Riyadh - File/AAWSAT
File photo of the Saudi capital Riyadh - File/AAWSAT
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Saudi Arabia Issues 438 Industrial Licenses Worth $1.28 Billion in July

File photo of the Saudi capital Riyadh - File/AAWSAT
File photo of the Saudi capital Riyadh - File/AAWSAT

Saudi Arabia's Ministry of Industry and Mineral Resources issued 438 new industrial licenses in July 2026, representing investments of approximately SAR 4.82 billion ($1.28 billion), while 189 factories began actual production during the same month, with investments totaling SAR 1.95 billion ($520 million), according to data from the ministry's National Industrial and Mining Information Center.

Ministry spokesperson Jarrah Al-Jarrah said the new industrial licenses are expected to create more than 3,708 jobs across various regions of the Kingdom.

He added that the factories that began production in July created 2,807 new jobs, reflecting the continued expansion of Saudi Arabia's industrial base and the growing number of factories entering operation.

The Ministry of Industry and Mineral Resources publishes monthly industrial activity indicators through the National Industrial and Mining Information Center to track new licenses, investment volumes and factories beginning production, as well as developments in the Kingdom's industrial sector.


GCC Chief Emphasizes Gulf Integration, Diversified Partnerships at IMF MENAP Meeting

Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi - SPA
Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi - SPA
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GCC Chief Emphasizes Gulf Integration, Diversified Partnerships at IMF MENAP Meeting

Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi - SPA
Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi - SPA

Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi underscored that GCC economies have demonstrated strong resilience against global economic shocks and geopolitical shifts, supported by solid fundamentals, substantial financial reserves, robust banking sectors, and prudent fiscal management.

Albudaiwi delivered his remarks during a meeting of the finance ministers and central bank governors of the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, held on the sidelines of the 2026 IMF and World Bank Group Annual Meetings in Bangkok, SPA reported.

Albudaiwi pointed out that recent geopolitical developments have impacted global energy production, maritime shipping, and trade flows, demonstrating the close link between Gulf stability and broader global economic security. He noted that disruptions along key energy corridors and trade routes inevitably reverberate across international markets.

Albudaiwi affirmed that the GCC economies possess the capacity to sustain recovery and growth through 2027 and beyond, propelled by strategic investments and non-oil diversification. He emphasized the necessity of balancing short-term economic responses with long-term fiscal sustainability, maintaining adequate buffers to mitigate future market volatility.

Highlighting future growth sectors, the secretary-general cited advanced industries, digital infrastructure, artificial intelligence, and human capital development, alongside empowering the private sector to expand its role in global value chains.

Concluding his address, Albudaiwi stressed that long-term resilience requires advancing Gulf economic integration, upgrading logistical corridors, and diversifying international partnerships to transform ongoing global challenges into sustainable economic opportunities.


Turkish Cenbank Says to Maintain Tight Monetary Stance Till Price Stability

Turkish Central Bank Governor Fatih Karahan speaks during a press conference in Istanbul, Türkiye, February 7, 2025. REUTERS/Dilara Senkaya
Turkish Central Bank Governor Fatih Karahan speaks during a press conference in Istanbul, Türkiye, February 7, 2025. REUTERS/Dilara Senkaya
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Turkish Cenbank Says to Maintain Tight Monetary Stance Till Price Stability

Turkish Central Bank Governor Fatih Karahan speaks during a press conference in Istanbul, Türkiye, February 7, 2025. REUTERS/Dilara Senkaya
Turkish Central Bank Governor Fatih Karahan speaks during a press conference in Istanbul, Türkiye, February 7, 2025. REUTERS/Dilara Senkaya

Turkish Central Bank Governor Fatih Karahan on Wednesday said the bank would maintain its tight monetary policy until price stability is achieved.

According to Reuters, He was speaking about Türkiye's monetary policy and macroeconomic outlook during a visit to Bangkok for a meeting of the World Bank.

Here are some details from the governor's presentation:

* Underlying inflation ⁠is moderating despite ⁠elevated energy prices
* Soft demand dampens inflationary impulses from supply shocks
* Proactive measures limit the possible contagion from trade-restricted funds
* Turkish lira preference remains strong under tight monetary policy
* The ⁠tight monetary policy stance, which will be maintained until price stability is achieved, will strengthen the disinflation process through demand, exchange rate, and expectation channels
* The Monetary Policy Committee (MPC) will determine the policy rate by taking into account realized and expected inflation and its underlying trend in a way to ensure ⁠the tightness ⁠required by the projected disinflation path in line with the interim targets
* Monetary policy decisions are made prudently on a meeting-by-meeting basis with a focus on the inflation outlook
* Monetary policy stance will be tightened in case of a significant deviation in inflation outlook from the interim targets