Saudi Water Partnerships Company (SWPC) is planning to award eight water sector projects valued at 30 billion Saudi riyals ($8 billion) within the next 12 months under the public-private partnership (PPP) model, its CEO Khaled Al Qureshi said.

Speaking last week at a workshop targeting higher local contractor participation in upcoming water projects, he said over the next three years, SWPC also intends to offer an additional 10 projects, estimated at SAR15 billion ($4 billion).

The expected returns on these investments are projected between 7 percent and 10 percent, he noted.

(Writing by Majda Muhsen; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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