Saudis need to spend $38 billion
- From: Vol 5, Issue 5 (May 2004)
- Category: General
- Region: Middle East
- Country: Saudi Arabia
- Related Companies: ANZ Investment Bank, Barclays Capital, Fisia Italimpianti, Hitachi Zosen, International Power, Marubeni, Mitsui & Co., RWE/Thames (Water), Siemens, Société Générale, Tepco, Total and Tractebel
The Kingdom’s water and sewerage services must be expanded but it will cost.
Saudi Arabia needs to spend more than $38 billion on new water distribution and sewerage infrastructure by 2022, according to vice minister of water & electricity Abdullah Al Hussayen.
Capital requirements for water distribution during the period are more than $8.6 billion, while spending on wastewater recycling and disposal infrastructure is forecast to exceed $29.6 billion. This works out ...
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