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Article: Gulf water: a multi billion dollar business: the developing water sector across the Middle East and North Africa will attract investment of between $45-$60 billion through public private partnerships (PPPs) over the next 10 years with the Gulf states at the forefront. (Business & Finance).
- Article from:
- The Middle East
- Article date:
- November 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A long with oil, water is the most vital industrial sector in the Middle East today. The region has the lowest per capita availability of water in the world and one of the fastest growing populations. Fortunately, many states in the region also have the financial clout to do something about projected water shortages. Although many Gulf states continue to restrict the role of private enterprise in the economy as a whole, the water sector has been one of the most active in attracting private companies to act in both developmental and operational roles.
With limited rainfall and river systems, the emphasis has increasingly switched to desalination plants over the ...