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."
This story is from the September 06 - 13, 2024 edition of Newsweek US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 06 - 13, 2024 edition of Newsweek US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
An integrated model for water management
Alkhorayef Water and Power Technologies has deep expertise and synergistic capabilities across the full water and wastewater value chain
Investments that are transforming life in Saudi Arabia
Abdullah Al Othaim Investment Company is creating distinctive destinations and experiences that encompass multiple sectors
A Kinder and Gentler Nick Cave
After a period of personal upheaval, the famed Bad Seeds singer returns with the vibrant and optimistic 'Wild God'
Fleeing War and Scams
Newsweek spoke to three Ukrainians who have been targeted by \"sponsors\" trying to profit from applicants seeking refuge in the U.S. via a humanitarian scheme
Is 'The Squad' Splintering?
The progressive group of Democrats lost two members in recent primary defeats and its leader is tilting mainstream. What now?
CASH CRUNCH
Leaders, including President Joe Biden, have hailed the strength of the U.S. economy. But middle-class Americans told Newsweek
Aunjanue Ellis-Taylor
The reality is most things that I've done, I rarely talk to women on screen. And it gets a little tired.
Nick Jonas
I have a big imagination. I'm very ambitious and want to do it all. And thankfully, I get to.
Tour de Force
One of the best live acts around, Swedish rock titans The Hives talk to Newsweek ahead of their U.S. headline concert dates about opening for Foo Fighters and nearly collaborating with André 3000
Mummy's Dark Secret
Research into the body of a woman buried 3,500 years ago in Egypt may reveal the painful truth behind her facial expression.