“The transition period will take five to six years,” al-Musallam said.
“This will begin with selected cities to improve water sector performance. The transformation will allow us to learn more lessons about the process.”
The privatisation will begin in Riyadh, Jeddah, Medina and the Al-Khobar/Dammam conurbation.
“The privatisations here will cover a total population of 10 million people,” al-Musallam said. “After these cities, we will be able to expand the transformation to other parts of the kingdom.”
“I would like to adopt a gradual privatisation so we can learn more about the process,” he added.