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FINANCIAL NEWS
Saudi power, water projects need USD220 b
28 Apr 2014
(MENAFN) Saudi Arabia is planning to invest as much as USD220.19 billion in its power and water sectors to cover the growing demand in the Kingdom, according to the Emirates 24/7.
The kingdom will make the projects during 2008-2020, and 63 percent of them will be for power projects.
Power projects are expected to cost USD140 billion, while water projects will be USD80 billion worth.
A government report said that electricity investments include USD89 billion for generation, USD32 billion for transport and the rest for distribution.
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