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Project will be the first water reservoir scheme to be developed under a public-private partnership model
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Two plants will have a combined desalination capacity of more than 1 million cubic metres a day
The Saudi energy giant could float 1 to 2 per cent of its shares on the Tadawul exchange by late November or early December, according to a report
Desalination plant is planned to have a capacity of 450,000 cm/d
Aramco owns 62.5 per cent of the stake in the Satorp joint venture, while Total holds the other 37.5 per cent