China Energy Investment Corporation has signed an investment development agreement with a consortium led by JSG Saudi Arabia to launch a comprehensive brine processing project in Saudi Arabia, reports TradeArabia.
The ambitious project aims to tackle brine discharge pollution by leveraging advanced green seawater desalination technology. This initiative not only addresses environmental concerns but also aims to fulfill both daily and industrial water demands in Saudi Arabia.
China Energy hailed the approval of this strategic project as a milestone in the deepening cooperation between China and Saudi Arabia. This partnership aligns with the Belt and Road Initiative and Saudi Vision 2030, marking a significant step forward in bilateral relations.
The signing ceremony was attended by representatives from Saudi Arabia's Public Investment Fund (PIF), the top recycling investment firm SIRC, and the Shuangliang Group, underscoring the broad support and high-level engagement in this venture.
China Energy emphasized that it would leverage its comprehensive industrial chain capabilities to accelerate the project's implementation, aiming to set a new benchmark in the industry.
The project has garnered national-level support in Saudi Arabia. JSG Saudi Company secured the concession to operate the project through a competitive tender process. Following this, JSG signed a Joint Development Agreement with the Saline Water Conversion Corporation, further solidifying the project's foundation.
