For its privatization plans, Saudi Arabia is not thinking – or taking - half-measures. If anyone needs confirmation, check out the kingdom’s utility sector… and specifically, the water side of it. “All desalination plants will become standalone production companies as part of our privatization strategy,” said Abdullah Bin Ibrahim Al-Abdlkareem, Governor of Saline Water Conversion Corporation (SWCC) and Chairman of newly formed Water Transmission and Technologies Co. (WTTC). The formation of WTTC in November would thus be the first step in kicking the privatization play into a higher gear. In one stroke, the entity was made responsible for more than 8,400 kilometres of transmission, distribution and water storage systems, which would handle 7 million cubic metres of desalinated water every day across the country.
Source: Gulf News