Font Size

- Aa +

Wed 11 Dec 2013 12:14 PM

Font Size

- Aa +

Saudi eyes $4bn water storage investments

Gulf kingdom suffers from extreme scarcity of water

Saudi eyes $4bn water storage investments
(Photo for illustrative purposes only) (Getty Images)

Authorities in Saudi Arabia are planning to invest SR15bn ($4bn) in developing water storage projects in the Gulf kingdom, it was reported.

Speaking to Okaz news agency, National Water Company CEO Luay Al Musalam said that the investments were part of a broader $13.6bn water resources strategy.

Saudi, which is predominantly desert and one of the hottest countries on the planet, suffers from an extreme scarcity of water throughout much of the year.

Al Musallam told Okaz that the first water storage site would be in the Red Sea port of Jeddah, with contracts due to be awarded next year. He added that similar projects were also due to be constructed in the capital Riyadh and the Western city of Makkah.

Earlier this year it was reported that Gulf Cooperation Council countries (GCC) are planning a joint water supply system that takes seawater from outside the Gulf and distributes drinkable water across member states, an official at the GCC Secretariat General 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.