Saudi Arabia's $16b water pipeline expansion is one big privatisation play in making
Dubai: For its privatization plans, Saudi Arabia is not thinking – or taking - half-measures. If anyone needs confirmation, check out the kingdom’s utility sector… and specifically, the water side of it. “All desalination plants will become standalone production companies as part of our privatization strategy,” said Abdullah Bin Ibrahim Al-Abdlkareem, Governor of Saline Water Conversion Corporation (SWCC) and Chairman of newly formed Water Transmission and Technologies Co. (WTTC). “This, along with the broader strategy, presents many benefits. These include improving the Kingdom's...
Source: gulfnews.com