Aqua has announced managed assets totaling <strong>455 billion Saudi Riyals</strong> (approximately <strong>$121.3 billion</strong>) by the end of Q1 2026. This growth is attributed to the expansion of its portfolio in renewable energy and water desalination, despite a decline in net profits compared to the same period last year.
Aqua Saudi Arabia recorded a significant decline in its net profits by 19% during the first quarter of 2026, amounting to <strong>344.7 million riyals</strong> (approximately <strong>$91.5 million</strong>). This drop is attributed to lower revenues from project development services and increased deferred tax impacts.
The Egyptian Ministry of Housing is collaborating with Amia Power to establish water desalination plants, aiming to enhance the country's water resources. This partnership is part of the government's efforts to address water scarcity challenges and meet the growing needs of the population.
The Jordanian Minister of Water announced the implementation of the national carrier project, the largest in the kingdom's history, aimed at desalinating <strong>300 million cubic meters</strong> of Red Sea water annually. This initiative will enhance water supplies for citizens and increase the amount available per person.
The United Arab Emirates has announced a new project to establish a water desalination plant worth one billion dirhams in Fujairah. This initiative aims to enhance water security and improve water quality to meet the increasing demand for fresh water among the population.
The Union Water and Electricity Company announced plans to build a water desalination plant costing up to <strong>$285 million</strong> to enhance water supplies in Northern UAE. This initiative comes amid increasing demand for new water sources due to escalating environmental challenges.
An Iranian attack on a power and water desalination plant in Kuwait resulted in material damage. This incident occurs amid rising tensions in the region.
Drone strikes have targeted electricity facilities in Kuwait, raising concerns about the country's energy and water supply. These attacks come at a critical time as Kuwait heavily relies on these facilities to meet its basic needs.
The Director-General of the World Health Organization condemned attacks targeting water desalination facilities in Kuwait, warning of their negative impact on the country's water and health security. These statements come at a critical time as the region faces significant challenges in providing safe drinking water.
Former U.S. President Donald Trump expressed 'intense anger' after learning that Israel had struck a water desalination plant in Iran. This incident raises questions about the potential implications for U.S.-Israeli relations.
On Monday, Iran accused Israel of being responsible for the attack on a water desalination plant in Kuwait, suggesting that the aim was to imply the attack originated from Tehran. This statement was released by the Iranian armed forces.
An Iranian airstrike on a power and water desalination plant in Kuwait resulted in the death of an Indian worker, raising concerns about escalating regional tensions. The incident occurred at a sensitive time as tensions between Iran and neighboring countries are on the rise.
An Iranian attack targeted a service building at an electricity and water desalination station in Kuwait, resulting in one fatality. This incident occurs amid rising tensions in the region.
Concerns are rising about water desalination plants in the Gulf following mutual threats between Iran and the United States. The region's residents heavily rely on these facilities to meet their water needs.