Saudi Arabias National Water Company is planning to spend SR50bn ($13bn) in capital investments by 2017.
Speaking at MEEDs Saudi Mega Projects conference, Yahya Alyousef, asset director at the water company said at least SR18bn will be spent in Riyadh, approximately SR15.7bn in Jeddah and SR10.7bn in Mecca and Taif.
He also outlined some of the achievements of the water company in the past few years. The company now serves at least 50 per cent of the population of Saudi Arabia. It has also managed to cut down on the volume of water lost through leakages.
It has also worked to shorten the procurement and tendering of contracts with the length of time from tender to award narrowed down to an average of 125 days. It has only one project that is currently behind schedule.
One of the companys current projects is a SR2.2bn project to build water storages in Jeddah. The first phase will involve the construction of eight water storage reservoirs, with a total capacity of 1.5 million cubic metres.
The water storage facility is to be built in Jeddahs Briman area and is expected to be operational by the second quarter of 2014.