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Saudi National Water to Spend $38 Billion on Water: MEED

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Nov. 28 (Bloomberg) -- Saudi National Water Co. plans to spend $38 billion on water projects over the next 16 years, the Middle East Economic Digest reported, citing Nasser al-Amiri, the company’s treated sewage effluent department chief.

The investment plans include an average of $600 million a year for treated sewage projects and $1.5 billion on related water and wastewater works in Riyadh, Jeddah and Mecca over the next four years, the London-based publication said, citing al-Amiri’s comments at a conference.

Saudi Arabia, the largest user of desalinated water, is expanding its water facilities to meet increasing demand in the kingdom. The Saline Water Conversion Corp. awarded companies led by Shanghai Electric Group Co. and Samsung Engineering Co. a 11.3 billion-riyal ($3 billion) contract to build a desalination plant on the Red Sea coast in Saudi Arabia.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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