Saudi to privatise water sector as demand grows
Saudi Arabia could need more than $53bn in water sector investment supported by private funds as demand grows
A number of investment opportunities would be offered to the private sector to contribute to the construction of desalinated water stations, Saudi officials said.
Saudi Arabia could need more than $53bn in water sector investment supported by private funds as demand grows, according to Abdul Rahman Al-Fadli, Minister of Environment, Water and Agriculture in Saud Arabia.
Al-Fadli told reporters during a two-day Water Investment Forum on Saturday that work is currently progressing on the construction of an investment platform and the “establishment of strategic partnerships in the production, transportation and distribution of water”, according to the Saudi Gazette.
He said: “The ministry has a programme to privatise the Saline Water Conservation Corporation (SWCC) to double its current production level in the next 15 years to meet the rising demand for the vital liquid.”
Mansour Al-Mushaiti, deputy minister with the Ministry of Environment, Water and Agriculture told the forum that Saudi anticipates a capital requirement of $53.3bn in the next five years to achieve this goal.
Future plants will be tendered to the private sector, said another official from SWCC, the world’s largest desalination plant in the world.
Saudi water demand is increasing by more than 5% annually.