World needs Arabian peninsula’s expertise in desalination sector: top expert

Desalination plant on the shores of the Arabian Gulf (Shutterstock)
Short Url
Updated 13 September 2022
Follow

World needs Arabian peninsula’s expertise in desalination sector: top expert

RIYADH: Countries across the world, particularly in Southern Europe, will soon need to tap into the the Arabian peninsula’s desalination expertise, according to leading strategist Henrik von Scheel.

Speaking at the Future of Desalination International Conference in Riyadh on Sept. 13, von Scheel warned that Europe, particularly the south of the continent, has been using too much groundwater, and as a result needs desalination processes.

He said: “The Arabian Peninsula has been investing heavily in desalination because they have no other choice. Today, they have the expertise, and today the world is desperately in need to leverage that expertise and consuming some of it.”

During his speech, von Scheel noted that Saudi Arabia’s Saline Water Conversion Corp. has a crucial role to play in the future of desalination. 

“You all see SWCC as a buyer. But I see SWCC as a main player in the desalination sector in the next few years,” said von Scheel. 

He claimed Saudi Arabia has the expertise, capability and willingness to take the lead in the desalination sector. 

He added: “Saudi Arabia’s efforts will make desalination cheaper, smaller, more customized for the smaller regions that are islands. We can also make it bigger, and more customized for the regions where there is a need for renewable economic generators. We have to be broad on this.” 

Talking about the vitality of embracing local production, he said: “If you are serious about saving the environment, we need to rethink our focus on globalization and growth. 

“Globalization is a drug most of us are addicted to. We need to focus on local production to ensure zero footprints.” 

Hosted by Saudi Arabia from Sept. 11-13 in Riyadh, the Future of Desalination International Conference aims to discuss opportunities for innovation and entrepreneurship in the desalination sector.

Policymakers, developers, contractors, researchers and innovators will attend to discuss the sector’s future.


PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

Updated 27 February 2026
Follow

PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

RIYADH: Saudi Arabia’s Public Investment Fund-backed AviLease achieved exceptional performance and sustainable business growth during 2025, supported by the strategic expansion of its global platform.

According to its financial results for 2025, AviLease recorded total revenues of $664 million, an annual increase of 19 percent, driven by disciplined growth in its asset portfolio and strong performance in aircraft remarketing amid sustained global demand for modern, fuel-efficient aircraft, the Saudi Press Agency reported.

Profit before tax doubled compared to the previous year, reaching $122 million. The year witnessed an expansion in AviLease’s portfolio, reaching 202 owned and managed aircraft, leased to over 50 airline companies in more than 30 countries. 

The total value of the company’s assets stabilized at $9.3 billion. AviLease maintained a 100 percent fleet utilization rate, reflecting the resilience of its business model, the efficiency of its asset management, and the strength of its strategic relationships with airlines around the world.

AviLease concluded purchase agreements for aircraft from Airbus, including the A320neo family and A350F, and Boeing 737 aircraft, aiming to enhance its future asset portfolio with modern, fuel-efficient aircraft. This step will contribute to supporting future growth and meeting increasing customer demand for the latest aircraft, aligning with the Kingdom’s ambitions to become a leading global aviation hub.

AviLease strengthened its prestigious credit standing by obtaining a strong Baa2 credit ratings from Moody’s and BBB from Fitch, reflecting its financial solidity, managerial discipline, and efficiency in managing leverage. The company also successfully issued senior unsecured bonds worth $850 million last November under Regulation 144A/RegS. This issuance contributed to diversifying its funding sources and enhancing its financial flexibility.

Commenting on the results, AviLease CEO Edward O’Byrne said: “This exceptional performance reflects the quality of the company’s investment portfolio, the strength of its partnerships with airlines, and its strategic focus on responsibly deploying capital into highly sought-after, efficient, modern aircraft assets.”

He added: “As aviation markets continue to grow, AviLease is strategically positioned to continue its expansion plans and deliver sustainable long-term value for shareholders, contributing to the Kingdom’s ambitions.”

Throughout 2025, AviLease continued to play a pivotal role in the Kingdom’s growing aviation sector and contributed directly to the launch and scaling of the new national carrier, Riyadh Air, by completing a sale and leaseback transaction for a Boeing 787-9 aircraft, which thereby became the first aircraft to join the airline’s fleet.

AviLease also established a strategic partnership with Hassana Investment Co. This partnership aims to provide an opportunity for local and international investors to enter the aircraft financing asset class and benefit from AviLease’s technical expertise and operational capabilities to support partnership growth and enhance performance. 

Hassana Investment Co. has agreed to acquire an initial portfolio of 10 modern aircraft from AviLease.