Saudi Arabia has decided to cancel a seawater desalination project worth $317 million, as disclosed by VA Tech Wabag in a regulatory statement filed with the Bombay Stock Exchange (BSE), reports Zawya.
According to the filing, the cancellation was communicated to all participants on December 16, 2024 by the Saudi Water Authority. “The customer has notified all tender participants on 16 December 2024, that the said tender stands cancelled pursuant to their internal administrative procedures,” the company said.
The project, initially awarded to VA Tech Wabag in September 2024, involved the development of a 300 million liters per day (MLD) reverse osmosis desalination plant.
