Monday, December 10, 2007

Saudi to Spend $54 Billion on Water


Saudi Arabia plans to spend up to $54 billion by 2020 on expanding and operating its water network, a minister said yesterday.

Deputy water & electricity minister Loay Al-Musallam told the Meed Wastewater Treatment & Reuse conference in Abu Dhabi “We plan to spend $37 billion on capital projects and $17 billion on operating the network”. A further $40 billion will be spent on desalination projects.

A new body will be created from January to handle sewage treatment in Riyadh, Jeddah, Medina and Al-Khobar/Dammam, the official added. The National Water Company will launch with $6 billion capital, rising to $20 billion as privatisation develops and it takes on more systems across the country....

If I were a betting man: Veolia (VE)