Oil giant Saudi Arabia intends to offer several water projects as joint ventures with the private sector within its Vision 2030 economic diversification strategy that targets a bigger role for that sector, according to officials.
 
The Saudi Water Partnership Company (SWPC), which oversees such projects with the private sector, said in a virtual symposium in the Western Red Sea Port of Jeddah that those projects comprise sewage, desalination and distribution.
 
“SWPC is planning to carry out several projects covering interdependent sewage facilities with a total capacity of around 1.38 million cubic metres a day (m3/day) until 2028 as well as smaller sewage stations with a total capacity of 480,000 m3/day,” said Majid Al-Rumaih, SWPC adviser for Planning and Infrastructure.
 
“The Company also intends to undertake projects in water storage and distribution…many of the projects planned in the coming years will be offered in partnership with the private sector…a number of major companies have already expressed interest in entering such partnership projects,” he told the seminar.
 
Rumaih said SWPC has plans to lift potable water output to a record high of 5.2 million m3/day by 2030, adding that several new projects and expansion plans have almost been completed and they would be commissioned in 2023 and the following years.
 
He pointed out that key desalination projects scheduled to come online in the next two years include the 600,000 m3/day Jubail 3A plant in 2022 and the 450,000 m3/day Yanbu 4 and 600,000m3/day Jubail 3B plants in 2023.
 
(Writing by Eman Hamed; Translated by Nadim Kawach; Editing by Anoop Menon)
 
 
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here
© ZAWYA 2021