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Saudi Arabia giving $24.5bn for water, agriculture, environment

Staff Writer |
Saudi Arabia has approved financial support for the environment, water and agriculture sectors worth 92 billion riyals ($24.5 billion) to help them meet their goals under the government's 2030 economic plan.

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Abdulrahman al-Fadhli, minister for environment, water and agriculture said in a speech at an industry conference his ministry had received "support" from the government to achieve 16 strategic goals which are in line with the economic transformation programme Vision 2030.

Fadhli did not give further details on the 16 goals. Vision 2030 aims to diversify the economy by reducing dependence on oil revenues.

At the event, the government-owned Saudi Saline Water Conversion Corp (SWCC) signed a memorandum of understanding with Saudi Aramco Energy Ventures to develop new technologies in water and power.

SWCC also signed another memorandum of understanding with Hydrochem Saudi Arabia, a wholly owned subsidiary of Singapore's Hyflux Group for water desalination projects in the kingdom.

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