National Water Company plans SR 50 bn spend
Utility will spend money on improving water and wastewater systems.
National Water Company has announced that it is planning up to SR 50bn ($13.3bn) of new projects over the next five years to upgrade Saudi Arabia's water and wastewater networks.
The company's asset director, Yahya Al-Yousef, told the Saudi Arabian Energy EPC Projects 2013 conference in Al Khobar that the company is looking to provide water and wastewater services in Dammam, Al-Khobar and Madinah, which will see it add a poteable water supply for up to 2.2m people.
The firm currently operates water and wastewater networks in Riyadh, Jeddah, Makkah and Taif, serving 10.6m people.
According to the Saudi Gazette, Al Yousef said that as of April 2013, the company had 243 projects under construction with the majority of these were in Riyadh and Jeddah, with SR: 8.7bn ($2.3bn) and SR: 8.3bn (SR: 2.2bn) worth of projects under way in each respectively."
He added that projects worth $400m (SR: 1.5bn) were ongoing in Makkah and $346m (SR: 1.3bn) in Taif.
Of the future $13.3bn pipeline, he said that $4.8bn (SR: 18bn) was planned for projects in Riyadh, $4.2bn (SR: 15.7bn) fir Jeddah and $2.8bn (SR: 10.7bn) in Makkah and Taif. Around $750m (SR: 2.8bn) will be spent in Madinah, with a similar amount between projects in Al Khobar and Dammam.
The firm also said that it is planning major water storage schemes in Riyadh and Jeddah.