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Water Authority Signs 6 Investments
The Saudi Water Authority announced that it has achieved investments worth 2.8 billion Saudi riyals through the signing of three agreements and the inauguration of two factories, as part of efforts to localize water industry manufacturing in the Kingdom. The initiatives include establishing seven factories and localizing 18 key components of the water industry, with a target to reach a demand volume of more than 15 billion riyals for these opportunities by 2033. The plan also aims to enhance local manufacturing capacity and export products to 27 countries. This step seeks to improve the efficiency of the water system, reduce reliance on imports, create more than 12,000 jobs, and strengthen local content by increasing dependence on domestic inputs from 45% to 68.27% by 2026.
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