Forum to feature 5,000 investment opportunities in Saudi Arabia

The forum seeks to expand the base of competitors for the investment opportunities presented by all of Saudi Arabia’s municipalities in various economic fields. (SPA)
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Updated 17 February 2020

Forum to feature 5,000 investment opportunities in Saudi Arabia

  • The forum seeks to expand the base of competitors for the investment opportunities presented by all of Saudi Arabia’s municipalities in various economic fields

RIYADH: The Ministry of Municipal and Rural Affairs announced the first Municipal Investments Forum, called Furas — Opportunities — to be held on Feb. 24 at the Riyadh International Convention and Exhibition Center.
“The forum seeks to expand the base of competitors for the investment opportunities presented by all of the Kingdom’s municipalities in various economic fields, which would contribute to the Saudi cities’ development,” said the ministry’s deputy minister for planning and programs, Khalid Al-Dughaither.
“It also introduces investors and the private sector to the initiatives focused on developing the municipal sector’s investment system and the future trends in light of the Kingdom’s Vision 2030,” he said. 


Desalination tunnel project completed in Saudi Arabia’s Taif

Updated 18 September 2020

Desalination tunnel project completed in Saudi Arabia’s Taif

  • The project, carried out by the Kingdom’s Saline Water Conversion Corporation (SWCC), took 19 months to complete

LONDON: Work on the longest desalinated water pipeline tunnel system in the world has been completed, project coordinators in Saudi Arabia announced on Friday.

The tunnel, which measures 12.5 kilometers long at a width of 8.4 meters, will pump desalinated water to reservoirs in Taif to meet the demand for water in the governorate and in its villages in the southern Al-Baha region.

The project, carried out by the Kingdom’s Saline Water Conversion Corporation (SWCC), took 19 months to complete — starting with excavation work at Al-Hada mountains — and has shortened the distance of water reaching Taif by more than 40km.

Makkah region officials tweeted about the completion of the project, which was completed ahead of schedule.

SWCC said it was ready to receive water in its storage units in Taif and estimate that desalinated water will begin reaching Al-Baha region in the third quarter of 2021.