Saudi Cabinet: Saline Water Conversion Corp to be privatised
SWCC will sign an MoU with Institute of Seawater Desalination and Multipurpose Utilisationin China for its privatisation
Saudi Arabia’s cabinet chaired by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud passed a Royal Decree approving privatisation of the kingdom Saline Water Conversion Corporation (SWCC), with cabinet having authorised the Minister of Environment and Water, along with the chairman of SWCC to discuss potential collaboration with China’s Institute of Seawater Desalination and Multipurpose Utilisation.
According to a report by Saudi Press Agency, SWCC will sign a memorandum of understanding (MoU) with the Chinese institute and submit “the final version to complete formal procedures”.
During the session held in Jeddah, the cabinet also approved for the establishment of a government-owned company for water conversion and techniques operating on a commercial basis to provide water transportation and technical services.
Speaking about the move, Saudi Arabia’s Minister of Environment, Water, and Agriculture, HE Eng. Abdulrahman bin Abdulmohsen Al-Fadhly said the decision will help improve the kingdom’s water sector and increase the level of services in the sector by improving efficiency and maximise the benefit of resources and assets.
He added in the Arabic-language SPA report that the decision to approve the establishment of a water transmission and technology company will enable the company to operate on a commercial basis, which will enable the kingdom to manage and operate water transport and storage systems at the national level.