IRHM, Your Global Window into Real Estate and Hospitality

August 18, 2026

Utilities

Saudi Arabia's Acwa has signed a major deal with Indonesia's state salt firm PT GARAM to build a $400 million integrated facility in East Java. The plant will process 62,500 cubic metres of desalinated water daily alongside 500,000 tons of high-purity industrial salt per year. The initiative aims to reduce Indonesia's reliance on salt imports while delivering crucial industrial water supplies.

Saudi Arabia has launched a major public-private partnership project to upgrade 50 public parks across three regions. The Ministry of Municipalities and Housing and the National Center for Privatization & PPP are inviting local and international investors to manage the 15-year project. The scheme will improve urban infrastructure, add commercial facilities and boost community engagement across Jeddah, Madinah and the Eastern Province.
Liquified Solutions has teamed up with Curator Hotel and Resort Collection to launch a data-driven water efficiency programme. The partnership aims to help independent hotel owners cut water and sewer utility costs by 20% to 30%. By reducing these often-overlooked expenses, the initiative seeks to immediately improve net operating income and long-term asset value across the portfolio without affecting the guest experience or requiring major renovations.
Saudi Arabia and Syria have signed a series of strategic investment agreements covering aviation, telecommunications, and infrastructure. Minister of Investment Khalid Al-Falih led a high-level delegation to Damascus to meet with President Ahmad Al-Sharaa. The deals include a major redevelopment of Aleppo International Airport and the creation of a new joint airline with Flynas. STC will lead efforts to modernise Syria's digital infrastructure while ACWA Power explores a large-scale desalination project.
Egis has been named the project management consultant for the final stage of Phase 1 at Kuwait's Mubarak Al-Kabeer Port. The firm will supervise marine and onshore works to ensure the site on Boubyan Island becomes fully operational. This is a key part of Kuwait Vision 2035, aimed at transforming the nation into a major regional trade hub in partnership with China Communications Construction Company
A new joint venture in Saudi Arabia has secured its first landmark deal to provide 2.25 GW of smart solar trackers for the Bisha Solar project. Nextpower Arabia, formed by Nextpower and Abunayyan Holding, will supply the equipment to Larsen & Toubro for the massive utility-scale plant in Asir Province. The move supports the Kingdom’s National Renewable Energy Program by shifting manufacturing and supply chain operations to local soil.

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