10 Alliances Seek Offshore Mining Opportunities in Saudi Arabia

10 Alliances Seek Offshore Mining Opportunities in Saudi Arabia

Ten alliances are interested in mining the seas to extract sodium fluoride, minerals, and salts of the reverse water, announced the Governor of the Saline Water Conversion Corporation (SWCC), Abdullah al-Abdul-Karim.

Speaking to Asharq Al-Awsat on the sidelines of the Innovation Driven Desalination conference in Jeddah, al-Abdul-Karim said that the SWCC is in talks with these alliances that intend to enter the market in July.

He explained that the Corporation presents many opportunities, including locally producing reverse osmosis membranes with advanced specifications that reduce energy consumption and increase efficiency.

Al-Abdul-Karim stressed that authorities are exerting efforts to ensure water desalination is crucial in increasing the local economic output and local content and reducing the cost of desalinated water production inside and outside the Kingdom.

The Governor added that the Corporation is cooperating with the US Energy Agency in extracting lithium from reverse seawater. Lithium is a crucial element in energy storage, and the world is moving towards energy storage and batteries.

All the industries offered by the Corporation need "innovative minds and bold investors" and tenders are available now, said al-Abdul-Karim, adding: "We are dealing with more than ten local and global alliances to work and implement these initiatives."

Saudi Arabia "is on the verge of