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Saudi Arabia to attract USD11bn investments in water projects
(MENAFN) Saudi Arabia was found to be pulling a worth $11 billion investments into major water projects, mainly in water desalination.
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.
The manager stated "these investments will mainly go into five mega water desalination projects and three sewage treatment plants."
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.
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.
The manager stated "these investments will mainly go into five mega water desalination projects and three sewage treatment plants."
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.
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