Saudi Arabia allocates $40bn for water projects under 5-year plan

Saudi Arabia’s Minister of Environment, Water and Agriculture has announced the allocation of SR105 billion ($40 billion) for water projects within the five-year capital portfolio of the environment, water and agriculture system.

The five-year capital portfolio includes 1,335 projects

The allocated amount represents the cost of the first package of the projects listed in the water sector. 

In line with the national water strategy, this comes as part of the Kingdom’s efforts to improve services of the environment, water and agriculture system and maximize the utilization of sources and assets.