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FINANCIAL NEWS
MENA to spend USD300b on water projects by 2022
24 Nov 2014
(MENAFN) Middle East and North African governments are expected to spend an estimated USD300 billion on water and desalination projects by 2022, Saudi Gazette reported.
The projected spending is expected to be centered in the GCC region due to its climate conditions as well as the fast increase in population, with Abu Dhabi, as an example, planning to invest heavily in its water stations and pipes as the emirate’s population and economy continue with its
steady growth.
“The International Water Summit is a prime opportunity to share global best practices, and promote collaborative efforts towards conserving precious resources for future generations and ensuring water is available to support future economic prosperity and social development.” Deputy Director General at Abu Dhabi’s Regulation and Supervision Bureau said.
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