Saudi Arabia targets wastewater sector for further privatisation

Saudi Arabia targets wastewater sector for further privatisation
Saudi Arabia targets wastewater sector for further privatisation

Thank you for your reading and interest in the news Saudi Arabia targets wastewater sector for further privatisation and now with details

Hind Al Soulia - Riyadh - Saudi Arabia’s National Water Company is inviting private sector participation in the building and running a series of new wastewater treatment plants across the country.

NWC is issuing tenders inviting private firms to participate in developing 114 sewage treatment plants with a total capacity of 5.1 million cubic metres per day, as part of its 2030 National Water Strategy.

NWC in its initial phase will procure contracts for 15 sewage treatment plants under five contracts, which account for 2.5 million cubic metres per day, or half of the treatment capacity in Saudi Arabia, the company said on its website.

The contracts will cover four plants in Riyadh, two in the Makkah region, two in the Jeddah governorate, two in Taif and one each in the Arar, Turaif and Sakaka, Northern Borders and Al-Jouf regions.

A request for proposals for the first contract will be issued in the current quarter, with the others to follow, NWC said.

"As well as operations and maintenance, the scope of the five contracts will cover rehabilitation, operational improvements and capacity increases," the company said.

Saudi Arabia, the Arab world’s biggest economy, is planning to sell stakes in public entities in various sectors as part of broader plans to diversify the kingdom’s revenue base and bring more efficiency to state-owned organisations.

NWC was set up as a semi-private entity to manage the kingdom's water assets in 2003 and has since agreed a series of deals with private sector consortiums, allowing them to build and run water assets in the kingdom through offtake agreements for their output.

Saudi Arabia’s efforts to build water, power and sewage sector projects with private consortiums have so far been a “successful journey”, Mohammed Al Jadaan, the kingdom’s finance minister, said in a webinar last week.

The kingdom is now targeting more assets in the water sector for privatisation and plans to bring other, “mature assets in [the] form of companies” to the capital market, Mr Jadaan said.

“There are few of them that are in the pipeline for 2020-21. I can’t disclose them because some of them have filed with the regulator and a few of them are at an advance stage,” he said.

Privatisation is a key plank of Saudi Arabia’s Vision 2030 economic diversification agenda. The kingdom raised close to $30bn (Dh110.1bn) from the sale of shares in Saudi , the world’s largest oil producing company, late last year. The listing on the Tadawul stock exchange was the biggest initial public offering in the world.

Earlier this year, the kingdom also sold a stake in two grain mills and two more assets are being offered to private investors in the same sector.

Updated: July 27, 2020 04:12 PM

These were the details of the news Saudi Arabia targets wastewater sector for further privatisation for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at The National and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT FilGoal | News | A French talent coming into...