Alpha Utilities, a Dubai-based firm owned by one of India’s wealthiest families, is in “advanced talks” to enter the lucrative water desalination market in Saudi Arabia, according to the director of the firm’s parent company.
Alpha Utilities owns and operates a seawater reverse osmosis desalination (SWRO) plant in Sharjah, which generates 0.5 million gallons of water per day.It owns the exclusive rights to supply desalinated water to the Hamriyah Free Trade Zone Authority, but the firm plans to increase plant capacity to 2 million gallons per day as demand grows.
The company is owned by London-based C&C Alpha Group, the sprawling private investment company owned by the famous Choudhrie Indian family.
Bhanu Choudhrie, a director at London-based C&C Alpha Group, told Arabian Business be believed the power and water sectors were key priorities for it going forward.
“We saw a huge opportunity for the water desalination market. In the desert, the supply of electricity and water is fundamental. The UAE has been growing its infrastructure and all these projects require huge amounts of water,” he said.
The British-Indian businessman added that he plans to take his SWRO model further afield in the Middle East and said he was already in "advanced talks" with Saudi Arabian officials.
The water desalination sector in Saudi Arabia certainly offers record-breaking opportunities. Acwa Power last year won a contract to build the world’s largest independent water desalination plant in Rabigh, located on the kingdom’s Red Sea coast, and last month Saline Water Conversion Corp. (SWCC), the Saudi government entity in charge of seawater desalination, was awarded a Guinness World Record for the biggest desalinated water production plant in the world.
Read the full interview with Bhanu Choudhrie online, where he talks about his plans to expand into the wellness hotel sector in the United Arab Emirates and Saudi Arabia, the company’s Alpha Aviation Academy in Sharjah and his admiration for legendary US financier Warren Buffett.
“Buffett is 88 years old and he is still going into work every day and making decisions," he said.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.