PROJECTS: South Korean contractor Doosan to shut down Saudi water research unit

Closure due to slump in desalination projects and end of joint R&D projects

  

South Korean contractor Doosan Heavy Industries & Construction has decided to close its water research unit in Saudi Arabia to align with a rehaul of its overseas organisation, Business Korea reported last week.

Doosan will shut down its Water Research and Development Centre in Dammam, which it operated in cooperation with the Saline Water Conversion Corporation (SWCC), as part of a plan to close less efficient overseas branches, the business news portal said.

The centre is being closed as countries in the region had "drastically reduced orders for large desalination projects amid a prolonged slump in global oil prices. The end of joint research and development projects was another factor behind the closure of the centre," the report noted.

The Dammam centre, which was launched in April 2013, focused on thermal desalination and zero liquid discharge technologies, according to Doosan's website. It was one of the four dedicated R&D centres for water related research and development worldwide, with the other three located in South Korea; the US and the UK.

(Writing by Anoop Menon; Editing by Seban Scaria)

(anoop.menon@refinitiv.com)

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