The Minister of Environment, Water and Agriculture, Eng. Abdul-Mohsen bin Abdul-Mohsen Al-Fadhli, announced the completion of the establishment of the Water Transfer and Technology Company, in implementation of the Cabinet’s decision to establish it, as the establishment of the company is one of the results of the privatization program in the water sector, as the Supervisory Committee for Privatization of the Environment, Water and Agriculture Sector has taken important steps towards restructuring The water sector.
The company will manage, operate and maintain water transmission, backup, and storage systems across the Kingdom, whose lengths are currently more than 8,400 km to transport more than 7 million cubic meters of desalinated water daily to feed the various regions, to achieve more efficiency and effectiveness, as well as innovating solutions New in the fields of water technologies and research, in one of the most important transformation steps that the water sector is witnessing to achieve the goals of the Kingdom’s 2030 vision.
The new company – owned by the state – will achieve a quantum leap towards the integration of the water sector business, by working on a commercial basis, to maximize the use of assets, raise the efficiency of spending, and reduce costs within the supply chain in the sector.
On this occasion, the Minister of Environment, Water and Agriculture, Chairman of the Supervisory Committee for the Privatization of the Environment, Water and Agriculture Sector, Chairman of the Board of Directors of the Saline Water Desalination Corporation, Eng. The Council of Ministers to establish a water transport and technology company to achieve the objectives of the National Water Strategy and the Privatization Program, which will enhance water services in order to achieve more growth and sustainability.
Engineer Al-Fadhli explained that the establishment of a water transport and technology company is an important step that contributes to raising the efficiency and regulation of the water sector, and also contributes to achieving a prosperous future for the Kingdom’s economy, by adding more than 60 billion riyals of investment opportunities in transport and strategic water storage systems through the involvement The private sector in financing future projects.
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