Doosan Heavy Industries and Construction has signed a contract to construct the Yanbu4 seawater desalination plant with a consortium, consisting of the French energy company Engie as the project developer, and Saudi Arabian companies Mowah and Nesma
The Yanbu4 seawater desalination plant will be constructed in Ar Rayyis, located about 260km north of Jeddah and will be applying the reverse osmosis (RO) process, which removes salt from seawater.
Doosan plans to construct the Yanbu4 seawater desalination plant on an EPC basis, taking on the responsibilities of engineering, procurement and construction. The desalination plant will supply 450,000 tonnes of potable water daily to the Ar Rayyis region, the western part of Saudi Arabia.
?This order shows that Doosan?s technology has once again received recognition in the Middle East, where we expect to see more seawater RO desalination plants constructed. We plan to penetrate the Middle East?s seawater RO desalination market, as it is forecast to reach a value of USD$2.8bn by 2025,? said Inwon Park, CEO of Doosan Heavy?s Plant EPC BG.
Following the Doha Phase 1 project in Kuwait in 2016, Shoaiba project in Saudi Arabia in 2017, and Sharqiyah seawater desalination project in Oman in 2018, Doosan continues to gain grounds in the Middle East?s seawater desalination market, by embarking on the Yanbu4 Seawater RO Desalination Plant project.
Upon the request from Engie, the French company, which is acting as project developer, Korea Eximbank has provided project financing amounting to USD$238mn. This is the first time that Korea Eximbank has provided financial support for a seawater RO desalination project. The compnay plans to expand financing for projects in this sector.