17 Feb 2010
(MENAFN) Arab News reported that two Japanese firms have signed a deal with Saudi infrastructure developer ACWA Holding to create a joint venture that will assist desalination projects in the Kingdom.
Called Arabian Japanese Membrane Company, the new firm will have an estimated capital of $347 million. Estimated total investment into the partnership over the next decade is expected to weigh in at around $352 million.
Membranes expert Toyobo and plant builder Itochu Corporation will club together with ACWA to manufacture reverse osmosis (RO) elements in the first plant of its kind in the Middle East and North Africa (MENA) region.
Given its climate, the Middle East is the world’s largest regional market for desalination, and Saudi Arabia is the global leader in terms of demand.
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
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BBK discloses its financial results for the first quarter ended 31st March 2025
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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