The new company – owned by the government – represents a “quantum leap” in the integration of the water sector, as WTTCO will operate commercially to maximize the use of assets and achieve greater spending efficiency, while also decreasing supply chain costs.
Al-Fadhli considers the establishment of WTTCO to be a historic step in enhancing the efficiency and organization of the water sector while contributing to a prosperous future for the Kingdom’s economy.
The water sector will do so by attracting more than $16billion in investment in water transmission and strategic storage systems, through the private sector’s participation in funding future projects.
The company will work to develop and train local Saudi talent, who make up more than 97% of WTTCO’s workforce.