Complex Made Simple

$6bn capital for Saudi water company

The National Water Company (NWC), a new government entity that will take over sewage treatment networks in four Saudi cities from January 2008, will have an initial paid-in capital of $6bn.

This will rise to $20bn as the company takes over more of the kingdom’s sewerage systems as privatisation develops, Saudi Arabia’s Deputy Water & Electricity Minister Loay al-Musallam told MEED’s Wastewater Treatment & Reuse 2007 conference in Abu Dhabi today.

The NWC will initially take over the networks in Riyadh, Jeddah, Medina and the Al-Khobar/Dammam conurbation, in preparation for a privatisation programme in all four cities. “The NWC will act as the procurer for all treated effluent emerging from the privatised system,” Al-Musallam said.