22 DEC 2019
Riyadh, KSA – 22 December 2019: Reaffirming its leading position in the maritime sector, Bahri, a global leader in logistics and transportation, signed a 20-year agreement, valued at SAR 760 million, with Saline Water Conversion Corporation (SWCC), a Saudi Government Corporation responsible for the desalination of seawater, producing electric power, and supplying various regions in the Kingdom with desalinated water, to transport desalinated water from the floating stations to desalination tanks.
The agreement includes establishing three floating stations to desalinate water and the transfer of desalinated water from the stations to desalination tanks. Each station will have a capacity of 50,000 cubic meters per day with a total capacity of 150,000 cubic meters a day. The project will be operational for 20 years, starting from the date of commercial operation, which is expected to be in the fourth quarter of 2020.
Commenting on this agreement, Abdullah Aldubaikhi, CEO of Bahri said: “Building on our long-standing partnership, we are pleased to collaborate again with Saline Water Conversion Corporation to further our contributions to Saudi Arabia’s efforts aimed at building up self-sufficient and indigenous capabilities across various sectors as directed in Saudi Vision 2030. With this agreement, we aim to support our partner to meet rising demand for water and electricity, thereby serving the needs of businesses and communities in the Kingdom and we are proud that the 20-year contract comes as an appreciation for our industry-leading credentials in offering logistics and transportation solutions for various industries.”
The new contract follows an agreement signed between Bahri and Saline Water Conversion Corporation earlier this year that sets a fixed price on a five-year term for the shipment of spare parts needed at desalination plants in Eastern and Western Coasts.
Bahri plays an important role in the growth and development of the global maritime industry by leveraging state-of-the-art technologies to offer innovative and value-added door-to-door services by sea, land and air. The company owns a fleet of 89 vessels and is the world’s largest owner and operator of Very Large Crude-oil Carriers (VLCCs) as well as the largest owner and operator of chemical tankers in the Middle East.