Due to the impacts of global warming, the costs associated with ensuring reliable access to sufficient clean water and sanitation services have escalated for many countries, including Saudi Arabia.
According to Rami Moussilli, CEO of Alkhorayef Water and Power Technologies (AWPT), the preeminent operator in Saudi Arabia's water and wastewater sector, for populations and economies to thrive in a world where water scarcity is an increasing reality, water management needs to be transformed, which cannot occur without massive investment. In his opinion, attracting that investment requires companies in the sector to adopt new, value-driven business models. "Investors seek confidence and stability. However, the global water industry's fragmented landscape, with large players often specializing in particular areas, like concessions or engineering, procurement and construction (EPC), can make it challenging to assess risk and growth potential," he says. "We strongly believe that businesses in our sector should have deep expertise in the full value chain of water and wastewater, from extraction to water treatment, transmission, distribution, full sewage treatment and surface water infrastructure and management. By fostering a new generation of water solutions companies that prioritize comprehensive expertise, adaptability and long-term value creation, we can unlock the investment needed to tackle the water challenge."
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