Arab Today, arab today ksa to invest sr500 billion in water power projects
Last Updated : GMT 20:08:17
Arab Today, arab today
Arab Today, arab today

KSA to invest SR500 billion in water, power projects

Arab Today, arab today

Arab Today, arab today KSA to invest SR500 billion in water, power projects

Riyadh - Arabstoday

The power and water sectors are experiencing a massive boom in Saudi Arabia, said Deputy Minister for Water Affairs Mohammed Ibrahim Al-Saud. “The Kingdom is set to invest SR500 billion in these vital utility sectors in the next 10 years,” he said. Speaking at the opening of the 8th Water, Electricity and Power Generation Forum and Exhibition (WEPower 2012) in Dhahran yesterday, Al-Saud said the government had plans to implement a number of water projects by 2022 at a total cost of SR200 billion. “Power projects in the coming 10 years will be worth SR300 billion.” Al-Saud estimated the annual increase in demand for water at seven to eight percent. “It is one of the highest rates in world,” he said. “We have a project named after Custodian of the Two Holy Mosques King Abdullah which makes good use of renewable energy for running desalination plants,” he said. Referring to the wastage of water, the minister said it accounted for 20 percent of water consumed by the public. “We lose about one million cubic meters of water daily. We launched a program five years ago to reduce this loss to five percent.” Al-Saud said Saudi Arabia’s water tariff is the lowest in the world. “It will take sometime for the tariff to reflect the real cost of production,” he said. Saline Water Conversion Corporation (SWCC) Governor Abdulrahman Al-Ibrahim estimated the total water consumption in the Kingdom at seven million cubic meters daily, adding that 3.3 million cubic meters comes from desalination plants on the Red Sea and Arabian Gulf coasts. “We are currently working on three giant desalination plants at a total cost of SR67.5 billion,” Al-Ibrahim said, adding that these plants would be ready by 2015. They will be followed by new projects worth SR18.75 billion. He expected that the demand for water would increase three times in the near future. Dhahran International Expo CEO Mohammed H. Al-Hussaini said more than 100 companies including those from the US, UK, Italy, The Netherlands, Germany, South Korea and India are taking part in the annual event. “Now in its eighth year, WEPower is still growing strong and clearly recognized by the industry as the leading water and power forum for Saudi Arabia,” said BME Global Ltd. Managing Director Alain Marhic. Elected 20th best country to do business with last year, Saudi Arabia is the fastest reforming business climate in the world. “It is, therefore, heartening to see 108 companies represented in the exhibition from countries from across the world, including Europe, America and the MENA region,” he said. He said around SR300 billion of investment is needed in the power sector in the coming years and approximately SR200 billion is being plowed into water projects through 2022. “The Eastern Province, as Saudi Arabia’s industrial hub, is seeing a large proportion of this investment, so it is apt and right that the WEPower Forum takes place in Dammam.” Marhic added. This year’s conference covers key issues affecting the Saudi water and power sectors. Power, infrastructure, operations and maintenance and district cooling were covered on the first day. A keynote panel discussion will take place today highlighting evolving opportunities in the water and power sectors, along with sessions on maximizing cooperation between all stakeholders and the promising potential of nuclear desalination. The Saudi Research and Marketing Group, publisher of Arab News, is the principal sponsor of the conference. Among the forum’s other sponsors are Al-Hammam Company, Pratibha, Schneider Electric, Saudi Electricity Company, Aqua Swiss Ltd., Drake and Scull, International Aramoon, Bentley, Harco Group, UL, Innovari and Mercedes Benz Juffali.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ksa to invest sr500 billion in water power projects Arab Today, arab today ksa to invest sr500 billion in water power projects

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday