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SWPC Works on $16bn-$19bn Worth of Desalination Projects – CEO

Saudi Water Partnerships Company (SWPC), the principal off-taker for water and wastewater projects in Saudi Arabia, is working on projects worth 60 to 70 billion Saudi riyals ($16bn-$19bn), its CEO said.

 

“The total value of project contracts that we are working on is between 60 to 70 billion riyals,” said Khalid Al-Qureshi.

 

SWPC has six desalination plants operational while five plants, representing total capacity of 3.8 million cubic metres per day are under construction, the SWPC CEO said during an interview with Arabic business news broadcaster.

 

“Our strategic goal is to involve the private sector in the development process,” he said.

 

Al-Qureshi said the Kingdom is among countries that consume the least electricity per cubic metre of production. But he also noted the recent hikes in interest rates have caused per cubic metre prices to increase by 10 to 20 percent.

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