Egypt to secure water scarcity through $2.5bn desalination plan

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Updated 20 August 2021
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Egypt to secure water scarcity through $2.5bn desalination plan

  • Egypt is seeking partners to invest in a $2.5 billion initiative to build more than a dozen renewable energy-powered desalination plants by 2025
  • Officials plan 17 new plants that would run on solar and other green sources

 

RIYADH: Egypt is seeking partners to invest in a $2.5 billion initiative to build more than a dozen renewable energy-powered desalination plants by 2025, as the country tries to tackle looming water scarcity, Bloomberg reported.

Officials plan 17 new plants that would run on solar and other green sources, with each built, owned and operated by Egypt’s sovereign wealth fund in partnership with a group of local and foreign investors, according to Egypt Sovereign fund CEO, Ayman Soliman.

The 17 plants, which are targeted to produce a combined 2.8 million cubic meters of desalinated water per day, are part of a broader plan to add 6.4 million cubic meters of daily capacity by 2050, Soliman said.

The project will benefit from Egypt’s competitive advantage in producing cheap renewable power and also allow access to green financing, potentially reducing costs, according to the CEO.

Some 8.6% of Egypt’s electricity comes from renewables, with a goal of raising that to 20 percent by 2022 and more than doubling that by 2035, Bloomberg said.
 

Egypt and Sudan have been embroiled in a bitter dispute with neighbouring Ethiopia regarding the latter's controversial hydropower dam which both Sudan and Egypt fear will restrict water access.


From 2 hours to 30 minutes: Qiddiya Bullet Train to cut Riyadh travel time by 75% 

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From 2 hours to 30 minutes: Qiddiya Bullet Train to cut Riyadh travel time by 75% 

RIYADH: Qiddiya is set to become significantly more accessible under plans to link the entertainment and tourism hub to King Salman International Airport and the King Abdullah Financial District through the new Qiddiya Bullet Train, Asharq Al Awsat reported

The project will reduce travel time to around 30 minutes, down from nearly two hours using other transport options, representing a 75 percent cut in commuting time. Operational speeds are expected to reach 250 km per hour, according to the Royal Commission for Riyadh City. 

The railway forms part of a broader transport strategy aimed at improving connectivity across the capital and enhancing mobility between key destinations, in line with population growth and urban expansion in western and southwestern Riyadh. 

In a related development, the commission announced the awarding of the Red Line extension of the Riyadh Metro to Diriyah. The expansion includes 7.1 km of tunnel and 1.3 km of elevated track, with stations at King Saud University and Diriyah. The latter is expected to serve as a future interchange with the planned Line 7. 

Officials estimate the project could remove around 150,000 cars from daily traffic, improving access to tourist destinations such as Bujairi Terrace and Wadi Safar, while supporting more sustainable mobility patterns. 

Bandar Al-Saadoun, vice chairman of Khaleejiah Holding, told Asharq Al-Awsat that the Diriyah development ranks among the largest projects under Vision 2030. He pointed to additional landmark initiatives in Wadi Safar, alongside the Opera House project and King Salman Grand Mosque. 

He said extending the Red Line along King Abdullah Road to Diriyah would generate strong real estate demand, particularly as the rail network integrates routes from King Salman International Airport through KAFD, Diriyah and the New Murabba development. 

Al-Saadoun added that roughly 30 projects have been announced in Qiddiya, raising the prospect of gradual real estate growth along corridors connected to the rail line. The project’s links to major developments — including Expo 2030 Riyadh, New Murabba and The Avenues — as well as the airport, which is expected to become one of the world’s largest by 2030, are likely to reinforce demand. 

Real estate analyst Khaled Almobid said large-scale transport projects such as the Qiddiya Bullet Train do more than lift prices; they reshape market structure and asset values over the medium and long term. 

Historically, properties within one to three km of transport stations see capital appreciation and rising investment demand, particularly for undeveloped “white land,” which often transitions into higher-density projects, he said. 

Almobid expects a dual impact: both redistribution of demand within Riyadh and genuine market expansion driven by what he called “manufactured demand” from Qiddiya, which is projected to attract 17 million visitors and generate 325,000 jobs. He also anticipates a population shift toward western Riyadh and areas surrounding the new stations. 

Land prices near Qiddiya have already risen between 30 percent and 40 percent since 2023, reflecting early market anticipation, he said, predicting more sustainable growth once operations begin and prices align with the tangible value of cutting travel time to 30 minutes between the airport, KAFD and Qiddiya. 

Residential and tourism-related real estate are likely to lead the next phase, supported by Saudi Arabia’s goal of raising homeownership to 70 percent and attracting 150 million annual visitors by 2030, with mixed-use locations along the rail corridor expected to draw the strongest investment interest.