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8 projects worth $8bln to be awarded within year; returns expected to range from 7% to 10%
Saudi Water Partnerships Company (SWPC) is planning to award eight water sector projects valued at 30 billion Saudi riyals ($8 billion) within the next 12 months under the public-private partnership (PPP) model, its CEO Khaled Al Qureshi said.
Speaking last week at a workshop targeting higher local contractor participation in upcoming water projects, he said over the next three years, SWPC also intends to offer an additional 10 projects, estimated at SAR15 billion ($4 billion).
The expected returns on these investments are projected between 7 percent and 10 percent, he noted. |
