Tripartite Memorandum of Understanding Signage with the Ministry of Investment and Veolia

Under the sponsorship of H.E. Khalid Al Falih, Minister of Investment, Saudi Arabia and H.E. Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness, France during The Saudi-French Investment Workshop, Water Transmission, and Technologies Company has signed a strategic partnership with the Ministry of Investment and Veolia to support the Kingdom in improving the operation, energy and commercial performance of the water sector throughout the country. Objectives: to deploy innovative and digital solutions, and build skills in the operation and maintenance of facilities. This agreement will provide extensive unique services that combine WTTCO’s long operation and maintenance experience in water transmission and the advanced technologies provided by Veolia.

The Strategic Partnership was signed by Deputy of Investment Ministry of Investment Mr. Faisal Hamza, Veolia Chairman and CEO Mr. Antoine Frérot, and WTTCO CEO Dr. Tariq Alnaeem.

Water Transmission and Technologies Company, a leading government owned entity in water transmission and technologies. Focuses on the development, construction, operation, and maintenance of water transmission and strategic reservoirs. WTTCO also contributes to the development and implementation of different advanced technologies in the areas of water desalination, transmission, and treatment for all partners in the water sector.

“Entering the partnership with Veolia will develop sustainable solutions that will help the kingdom different sectors to benefit from the long experience and advanced technologies implementation provided by WTTCO and Veolia. Our efforts to develop unique solutions in the operation and maintenance that will enhance the efficiency and reduce energy consumptions are key elements of our partnerships” Said “Ali Alshehri – Business Development and Strategic Partnership Director”