Doosan Heavy Industries & Construction Co. (DHICC) has clinched a 780 billion-won deal to build the Yanbu-4 seawater desalination plant in Saudi Arabia.
The deal was inked by DHICC with a consortium of French energy company Engie SA and Saudi Arabian firms Mowah and Nesma.
The facility, with a capacity of producing 450,000 tons of fresh water per day, will be built in Alrayyis, some 260 kilometers north of the western port city of Jeddah.
The South Korean plant builder is set to complete the construction by 2023.
DHICC is aggressively tapping into the seawater desalination plant market in the Middle East, clinching desalination projects in Kuwait, Saudi Arabia, and Oman since 2016.


Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Instagram Outage Disrupts Thousands of U.S. Users
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 



