RIYADH: Nasdaq-listed Energy Recovery will build a desalination technology factory near Dammam Second Industrial City, in a project expected to contribute SR137 million ($36.54 million) to Saudi GDP by 2033.
The energy recovery devices plant is the first such facility by the company outside the US, and will create more than 50 direct jobs.
It will produce 2,000 energy recovery devices annually — enough to meet estimated local demand of about 1,200 units a year — while exporting around 40 percent of its output to Gulf Cooperation Council countries, Africa and Asia, according to the Saudi Water Authority.
In a press release, Energy Recovery said it will establish a 3,750-sq.-meter manufacturing facility near Dammam Second Industrial City, with production scheduled to begin in the first quarter of 2027.
The site will be the California-based company’s first manufacturing operation in the Kingdom and its first production facility outside the US for its proprietary PX Pressure Exchanger technology.
