At the beginning of 2024, the Saline Water Conversion Corporation signed several agreements and memorandums of understanding in the field of mining, with local and international companies and academic institutions, including signing investment contracts for brine mining with group of Chinese companies.
It has also entered into joint agreements with specialized international and national companies, including Ningxia TB, the JSG Alliance, as well as the Saudi Investment Recycling Company (SRIC), aiming at advancing cooperation efforts and joint development of investment opportunities, enhancing local content and empowering national industries, in addition to maximizing the use of brine water and the additional quantities of water and valuable minerals supporting the manufacturing chain and enhancing ways to benefit from growth opportunities in end-use markets.
SWCC’s agreements with the investment companies are to enable the companies to invest in brine water by extracting minerals and reproducing desalinated water from brine water at a cost.
The expected figures for investment in brine mining from desalination systems in Saudi Arabia indicate that it will reach SAR 8 billion in 2030. However, the expected revenues of SWCC will reach SAR 1 billion in 2030. Contribution to GDP will increase to SAR 1.5 billion in the same year.
Activities of the third edition of the International Mining Conference will be launched under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, where the Saline Water Conversion Corporation participates, as a strategic sponsor of the conference, to review its initiatives, projects and innovative technologies in brine mining and valuable mineral extraction and to identify the opportunities and challenges that would attract quality investments, to the extent that is reflected in the localization of this industry, increasing its contribution to GDP, and achieving objectives of the Saudi Vision 2030.
