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FinancialNews
05-01-23
Saudi Arabia’s water industry advancement offers nation “competitive advantage”
(MENAFN) Improvements to Saudi Arabia’s water industry are set to offer the nation a “competitive advantage” over other nations which deals with provision issues, in line with a fresh analysis by the Saline Water Conversion Corp.
The report from the organization underlines how Saudi Arabia — one of the highest water-stressed nations in the world — is taking a variety of actions to guarantee its water security as a foundation to accomplish the socioeconomic transformation aimed in the Vision 2030 strategy.
The activities involve cutting water request by enhancing use in agricultural output, rising water provision by rising desalination as well as storage volume, and developing the resilience of the water system by growing transmission and interlinkage ventures.
SWCC points out that minimum 112 nations are dealing with high or even massive water issues completely or in parts of their landmass, with nations in the Middle East and North Africa, between the hardest hit.
“With increasing water stress across the world, water will soon emerge as a key limiting factor to socioeconomic development, giving countries that have invested in creating a water-resilient system a competitive advantage,” the report noted.
MENAFN05012023000045014228ID1105386960
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