Biggest Saudi Water-Storage Project

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Biggest Saudi Water-Storage Project

The Biggest Water Supplier in Oil-rich Saudi Arabia, Plans to Build a $480 Million Storage Facility in Its Desert Capital Riyadh

National Water Co., the biggest water supplier in oil-richSaudi Arabia, plans to build a 1.8 billion-riyal ($480 million) storage facility in its desert capital Riyadh.

The 4.6 million-cubic-meter storage facility is part of the first phase of a project to "achieve a sustainable and secure water supply and meet the challenges of providing water-sector services" in the kingdom's largest city, the state-owned company said today in an e-mail.

The second phase of the biggest Saudi water-storage project will add 6 million cubic meters more of capacity at a cost of 2.6 billion riyals to serve the city's 5 million residents.

Chief Executive Officer Luay Al Musallam said last year that the Saudi state projects are part of a 51 billion-riyal water-resources investment in cities includingRiyadh, Mecca and the port ofJeddah

Source: Bloomberg

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