Economy
SWCC head expects water assets transfer to PIF-owned WSC to take up to 3 years
Follow-ups -eshrag News:
Wed, 2022-06-22 09:51
The head of the Kingdom’s Saline Water Conversion Corp. said he expects the transfer of SWCC’s assets to the PIF-owned Water Solutions Co. to take up to three years.
The Saudi cabinet has announced yesterday that it will stop the privatization of SWCC and move all its assets to WSC.
In an exclusive interview with Arab News, the governor of SWCC Abdullah Al Abdulkarim said: “We are planning to do it within 18 to 20 months, but it might take three years.”
SWCC is the largest desalination company in the world.
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