Source: Khaleej Times

BY HABIB SHAIKH

JEDDAH — Saudi Arabia will need nearly SR350 billion in investment for water and sewage projects and SR340 billion for electricity projects during the next 20 years, according to Water and Electricity Minister Abdullah Al Hussayen.

He said that the water and electricity sectors in the Kingdom were growing at the rate of seven percent. The Supreme Economic Council, (SEC), chaired by Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, has approved four IWPPs (Shuaiba-3, Shuqaiq-2, Ras Al-Zour, and Jubail-3), at a total cost of nearly SR30 billion, which would be carried out by the private sector on a build, operate and transfer (BOT) basis.

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Posted by pichu at April 3, 2007 9:54 PM