A company based in Cape Town scored a R5 billion contract to design, build and operate a desalination facility in Saudi Arabia.
The contract was awarded to GrahamTek by The Saline Water Conversion Corporation (SWCC).
SWCC controls about 40% of the world’s desalination plants, and produces 6 billion litres of water for Saudi Arabia every day.
The Money Show’s Bruce Whitfield interviewed GrahamTek CEO Julius Steyn.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
It’s a highly competitive and merciless industry, particularly in the Middle East.— Julius Steyn, GrahamTek
If phase one is successful, then you go to phase two… Hopefully we can make a good announcement in 16 weeks…— Julius Steyn, GrahamTek
The nice thing is I can go to Riyadh and shower in the middle of the dessert without a problem! I don't have to take a two minute shower!— Julius Steyn, GrahamTek
We don’t have a contract in Cape Town at this moment…— Julius Steyn, GrahamTek
In Israel they use the 16-inch technology… It is definitely a potential solution for Cape Town to consider…— Julius Steyn, GrahamTek
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
100 Resilient Cities is a project which helps cities worldwide become more resilient to social, economic and climate challenges.
Cape Town's dam levels have hit the 70% mark but experts say Capetonians still have to be cautious in their water consumption.
Wesgro, the WC govt's investment arm, welcomes the decision to relax water restrictions and associated tariffs from 1 October.
Cape Town's deputy mayor, Ian Neilson, announced that the city would be relaxing its water restrictions from Level 6B to Level 5.
Alderman Ian Neilson says the City couldn't wait any longer for DWS to respond but took it upon itself to relax the restrictions.
Hydro-climatologist Piotr Wolski says although the dams are looking better it doesn't mean we should go back to our old ways.
Lecturer at TUT's Dept of Tourism, Unathi Henama says that the tourism sector is at the center of the economic policies in SA.
In this segment of the Current Affairs with Coconut Kelz, satirical comedian Lesego Thlabi channels Kelz to chat about Heritage Day.
Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.
Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.
DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.
What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?
The EFF lawyer stole the show during the state capture report court battle.