Investment and Financing
All investment for water and sanitation, including desalination, is funded directly by the central government’s budget. The 7th and 8th Development Plans (covering the periods 2000-2005 and 2006-2010 respectively) allocations for water (including irrigation), covering a period of ten years, amounted to Saudi Riyal 34.9 billion (US$9.2 billion) and Saudi Riyal 41.6 billion (US$11.1 billion) respectively, equivalent to US$ 2 billion per year.
It has been estimated that between 1975 and 2000 a total of more than US$100bn has been invested in water supply and sanitation, and that a further US$130bn will be needed between 2002 and 2022, corresponding to US$6.5 billion per year or more than US$200 per capita and year. This level of investment in water per capita is among the highest in the world, higher than in the US, the UK or Germany, due to the high cost of desalination and the need to transport water over long distances. It corresponds to about 1.5% of GDP.
Read more about this topic: Water Supply And Sanitation In Saudi Arabia
Other articles related to "investment and financing, investment, investments":
... In the West Bank, the total investment cost of water projects from 1996 to 2002 amounted to about US$ 500 million, out of which 150 million were already spent on completed projects ... At the same time, the total investment costs of water projects in the Gaza Strip were about US$ 230 million, out of which most was spent on ongoing projects (US$ 170 mllion), while the remaining 60 million were ... About 90% of these investments were financed by grants and 10% by loans from the European Investment Bank (EIB) and the World Bank ...
... on imported oil and the improvement of energy efficiency will require large investments that will impact on the fiscal stability of the country ... in Guyana at a level comparable with peer Caribbean countries would require investments over the next 10 years of between US$805 million and US$1,497 ... current ownership structure of the system, this level of investment would pose a significant burden on the Government of Guyana, and would create considerable debt sustainability concerns ...
Famous quotes containing the word investment:
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that citys whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)