Saudi Arabia aims to attract $11bn investments in water projects
Utility scale water projects in Saudi Arabia could attract investments worth $11bn, a senior official in the Kingdom has revealed
Utility scale water projects in Saudi Arabia could attract investments worth $11bn, a senior official in the Kingdom has revealed.
A significant part of the investment will be directed into the Kingdom’s water desalination sector as demand for potable water grows.
Energy and water sector manager at the Saudi Arabian General Investment Authority (SAGIA) Mohamed S. Al-Abdalla revealed about $10 billion to be invested in desalinated water projects, while another $1 billion to be invested in sewage water treatment plants.
“These investments will mainly go into five mega water desalination projects and three sewage treatment plants,” said Al Abdalla.
The leading desalinated water investment is to be set in Jubail 3, an Independent Water and Power Project (IWPP) with a 1,170,000 cubic meters (m3) per day water production capacity, as well as a 3,000 Megawatts (MW) power capacity.
The four other Independent Water Projects (IWP) are at Yebrin, which is a water purification plant with a production capacity of 800,000m3/day, Rabigh 3 (with a capacity of 600,000m3/day), Yanbu 4 (450,000m3/day) capacity; and Shuqaiq-3 (420,000m3/day).
Last week, the Saudi environment minister announced plans to build nine desalination plants at the Red Sea for more than $530mn a total capacity of 240,000 cubic meters of water per day.
These small-scale plants aim to increase production efficiency of sate-owned Saudi Saline Water Conversion Corp (SWCC).