From October 17th to 18th, the Third“The Belt and Road” International Cooperation Summit Forum was held in Beijing. The entrepreneurs conference, serving as the opening event of the summit forum, was held at the National Convention Center on the afternoon of the 17th. Deputy Secretary of the Party Committee (at the level of an executive position, in charge of the party politics of the company), Vice Chairman of the Board (at the level of an executive position, in charge of the overall management of the company), and legal representative Zhou Tiejun, were invited toparticipate in the conference. At the conference, Zhou Tiejun, in the presence of national leaders, heads of government from various countries, country representatives, heads of international organizations, and leaders of various enterprises, signed the EPC turnkey contract for the Jafura seawater desalination and water supply pipeline project in Saudi Arabia withtherepresentatives of the developer consortium-Lina, President of Lamar, and Faisal, Senior Vice President of Mowah. Chen Guanfu, General Manager of POWERCHINA International Group Limited, attended the ceremony together.
This summit forum gathered over 1,200 delegates from home and abroad, including more than 20 foreign ministerial-level officials, over 30 heads of foreign business associations, and nearly 60 representatives from the world's top 500 enterprises, from more than 80 countries and regions.President Xi Jinping addressed the opening ceremony of the summit and delivered a keynote speech. After undergoing rigorous rounds of selection and extensive qualification approval by the China Council for the Promotion of International Trade, the State-owned Assets Supervision and Administration Commission, and the National Development and Reform Commission, the Jafura seawater desalination and water supply pipeline project in Saudi Arabia, promoted and developed by our company, was ultimately selected from a multitude of projects recommended by the Power Construction Corporation of China. This project, recognized for its excellence, was presented at the signing ceremony of the summit.
The Jafurah Seawater Desalination and Water Supply Pipeline Project is situated in the eastern region of Saudi Arabia. The primary scope of work involves the engineering, procurement, and construction (EPC) of a seawater desalination plant with a daily production capacity of 80,000 cubic meters and a water pipeline stretching approximately 200 kilometers. Upon completion, the project will provide desalinated water to the gas field development facilities situated in Jafurah. Consequently, Saudi Aramco places a high priority on promoting the project and has aided the developer in achieving financial closure swiftly. Currently, the project has secured full funding and will officially start after the contract is signed. The successful execution of this project represented a new breakthrough in the company's seawater desalination and overseas long-distance pipeline operations. It signifies a significant advancement in the company's active participation in the national "Belt and Road" initiative and the group company's strategic focus on water, energy, sand, urban development, and digital technologies. Moreover, this project has not only expanded the company's international network but also boosted SEPCO's brand recognition in the Middle East market, which is of profound strategic importance for the sustainable growth of the company's international operations.
