9 Hrs
Source:
الاقتصادية
Saudi families gather $9 billion from water desalination
The article highlights how Saudi families have managed to build a wealth exceeding $9 billion through their investments in the field of water desalination, with a focus on the company "Aqua," which is considered one of the largest water desalination companies in the Gulf and the world. The company was founded in 2004 by three families and has expanded significantly to meet the demand for clean water, especially given the region's heavy reliance on desalination plants. "Aqua" faces security challenges due to regional conflicts, but its diversified portfolio helps to mitigate risks. The company is a key part of Saudi Arabia's strategy to diversify its economic sources, with plans to expand into global markets such as China and the United States. Water desalination is regarded as one of the fundamental pillars of the region’s growth and sustainability plans, with measures in place to protect investments from market fluctuations and security threats.
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