The Saudi cabinet’s planned privatization of state desalination firm Saline Water Conversion Corporation (SWCC) will put over 4.6mn m3/d of desalination capacity and 7.2GW of electricity generation capacity on the market.
While selling off SWCC will be overshadowed by Riyadh’s plans to list up to 5% of state petroleum giant Aramco, the sums raised from SWCC could potentially rival the $15-20bn or so that the mooted initial domestic listing of 1% of Aramco is likely to raise (MEES, 13 September). (CONTINUED - 676 WORDS)
