Saudi's National Water plans $2.67bn water venture
PPPs part of strategy to expand wastewater treatment capacity.
Saudi Arabia's state-owned National Water Co (NWC) intends to provide investment opportunities worth more than SR10bn ($2.67bn) over the next five years, according to a report.
The move will be implemented in partnership with the private sector, newswire Zawya Dow Jones said, citing a report on Saturday in the Al Hayat daily.
NWC’s chief executive, Loay Al Mussalam told Al Hayat that the projects will involve existing wastewater plants and the creation of new ones under the build, own, operate, or BOO, system, in addition to distribution networks.
Al Mussalam said that his company plans to invest SAR5bn over the coming 20 years to expand treated water sales. It has has signed agreements and memoranda of understanding to supply 300,000 cubic meters a day of treated water to many public and private sector entities, he added.