MENA to Spend $300 Billion on Water by 2022

Middle East and North African Governments Are Expected to Spend an Estimated $300 Billion on Water and Desalination Projects by 2022

Middle East and North African governments are expected to spend an estimated $300 billion on water and desalination projects by 2022, underscoring the importance of January 2015's International Water Summit (IWS) when more than 70 global experts will address key water sustainability and security challenges in the region.

Hosted by Masdar, IWS is supported by Abu Dhabi Water & Electricity Authority (ADWEA), the Environment Agency of Abu Dhabi, the Regulation and Supervision Bureau (RSB), and Abu Dhabi Sewerage Services Company.

The exhibition and conference will take place on Jan. 19-22 during Abu Dhabi Sustainability Week (ADSW), scheduled for Jan. 17-24. ADSW also features the World Future Energy Summit, EcoWaste and the Zayed Future Energy Prize Awards.

Entitled ‘Promoting Water Sustainability in Arid Regions,' the IWS conference (Jan. 20-22) will examine the water-energy nexus and its long-term implications on regional and global food security.

The projected spending is based on data from Research and Markets. "With Abu Dhabi's population and economy forecast to grow steadily over the coming years, harmonizing strategies that support the sustainable supply of potable water is of key importance to that growth," said Rashed Al Rashdi, deputy director general at Abu Dhabi's Regulation and Supervision Bureau, a partner of IWS.

"The International Water Summit is a prime opportunity to share global best practices, and promote collaborative efforts towards conserving precious resources for future generations and ensuring water is available to support future economic prosperity and social development." Al Rashdi added.

Next year marks the end of the UN's "Decade for Action on Water Scarcity," an initiative designed to promote efforts to fulfil international commitments - known as the Millennium Declaration - made toward water and water-related issues.

Ahead of the summit Faraj El-Awar, Program Manager of UN Habitat's Global Water Operators Partnerships Alliance and participant at the IWS conference said: "Water is perhaps the most complex of the three major resource challenges because it is seen as a free resource and declared by the UN General assembly in 2010 as a human right. Yet the reality in arid regions is that it is a scarce and incredibly precious resource. This must be reflected through robust policies, integrated strategies and sustained investment, particularly as populations grow.

Source: Saudi Gazette

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Taxonomy

• Desalination
• Water Management
• Financing