Saudis Plan $4 Billion in Water Storage Investments, Okaz Says
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Saudi Arabia, straining to meet water demands from the kingdom’s oil and population needs, is planning 15 billion Saudi riyals ($4 billion) in water-storage projects, the Okaz news agency said, citing National Water Co.’s chief executive officer.
The state projects are part of a $13.6 billion water-resources investment in one of the richest nations in oil yet among the poorest in water, Okaz said. Jeddah on the Red Sea will be the site of the first storage project starting next year with contracts also awarded to build water-storage dams near the port, Okaz cited NWC CEO Luay Al Musallam as saying. Dams are planned as well for Mecca and the capital Riyadh.