Saudi Arabia said it has taken a ‘milestone’ step towards overhauling its wasteful, state-owned water sector and preparing it for complete privatisation within a decade.
Water and Electricity Minister Abdullah Al Husayen signed two deals with international firms to audit water distribution in Riyadh, set the stage for joint private-public ventures and map out a strategy for full privatisation of the sector.
“These are milestones in our endeavour to drastically change the structure of water and sewage treatment in the kingdom,” Husayen said after signing the contracts with French utilities company Veolia and consultants Booz Allen Hamilton.
