Kuwait invests $5.28bn in water projects
Kuwait invests $5.28bn in water projects
The total investment in Kuwait’s water sector between 2005 and 2014 stands at $5.28 billion. Of all water sector investments, water treatment plants saw highest investment at $3.4 billion. In 2010 many projects were undertaken and finished. The construction of Sabiya distillation plants projects Stage I & Stage II, Shuaiba north distillation plants and Shuwaikh Reverse Osmosis Desalination Plant took place.
The construction of Az-Zour North Distillation Plant Project is a huge and much awaited one in Kuwait. The purpose of this project is to supply and erect 15 multi stages flash distillation units each of 17 MIGPD capacity with a recarbonation plant, in addition to one Reverse Osmosis Desalination Plant having 25 MIGPD capacity, that is having total capacity of 280 MIGPD for the plant.
Kuwait recorded the highest water consumption per capita per day and the value was 500 liters. In terms of its water withdrawal, Kuwait seems to be low at 374 m3 per year per capita, but the availability of renewable water resources stands at 7 m3 per year per capita, which is also very low compared to its GCC peers.
Potable water is mainly consumed by municipalities as potable water finds its use among residential places. Potable water consumption in 2011 stood at 128,236 MIG (million imperial gallons). Municipalities are mainly urban cities and the urban population in Kuwait is increasing rapidly. With increasing population and changing usage trends, the consumption of potable water is estimated to be 142,230 MIG in 2015. This value highlights the heat of demand for fresh water in near future.
Agriculture is also a major sector that withdraws substantial amount of water. Sulaibha farms are government owned farms, which are supplied with brackish water. Brackish water is highly saline, which is not suitable for municipal consumption. Brackish water consumed in 2011 stands at 19,265 MIG. Though the arable land in hectares has decreased from 12 to 11 from 2002 to 2008, the crop produce has been exhibiting increasing trend. The crop production index, which is produced by keeping cultivated land area constant, has shown an increasing trend between 2008 and 2011. These all indicate the possibilities for an increase in withdrawal of water by agriculture sector.
On supply side, there are very little internal renewable water resources. The annual precipitation is very meager when compared to the prevailing demand. Desalination and sewage treatment plants are the alternative sources of water. Total desalination capacity as of 2010 is around 423.1 MIGD (million imperial gallons per day). Sewage treatment plants are taken care by Ministry of Public Works. Sulaibha facility is the only plant producing RO treated wastewater as of 2011.
MEW (Ministry of Electricity & Water) owns and operates all existing power and water production facilities, transmission networks and distribution systems in Kuwait and sells electricity and water. Water tariffs are categorized based on type of consumer. It is just 0.02 Kuwait dinar (KD) per 1,000 gallons for Sulaibha farms and it is 0.85 KD for state facilities and companies.
Etisalat is region’s most valuable brand — report
- Abu Dhabi-based telco overtakes STC as brand value hits $7.7 billion
- Dubai-based Emirates Airlines fell to third position in the overall rankings for the region
Abu Dhabi-based telco Etisalat has been named as the region’s most valuable brand for 2018, rising by 40 percent to $7.7 billion in the past year, according to consultancy Brand Finance, with leading Saudi firms also experiencing gains.
Drivers behind the increase in value include “the brand’s innovative customer service-driven strategy, its leadership position on the 5G revolution, and successful launches of global brand-building initiatives,” Brand Finance said in a statement.
Etisalat overtook fellow telco STC of Saudi Arabia to become the region’s most valuable brand. But STC enjoyed a positive year, its brand value rising 7 percent to $6.7 billion.
“Alongside its 5G rollout plans, STC’s new digital transformation strategy includes investment in digital media content and advertising services, creating opportunities outside of its core business,” according to Brand Finance.
Dubai-based Emirates fell to third position in the overall rankings for the region, its brand value slipping 12 percent to $5.3 billion. Fellow airline Etihad also experienced a fall in brand value, with the regional aviation market hit by geopolitical issues over the past year.
Emaar Properties entered the regional top 10 for the first time in 2018, its brand value increasing 39 percent to $2.7 billion, following a joint venture partnership with Abu Dhabi’s Aldar Properties, announced last month.
“The strategic partnership between Aldar and Emaar strengthens prospects for the UAE’s real estate sector as well as delivering a real boost for the investment community as we inch closer toward Expo 2020,” said Andrew Campbell, managing director, Brand Finance Middle East.
The rise in Emaar’s brand value comes despite lingering uncertainty over Dubai’s real estate market. The developer’s shares have fallen more than 20 percent so far this year, as soft economic conditions and increasingly supply continue to weigh on prices and rental rates.
The UAE is home to 6 of the region’s top 10 brands and 42 percent of the total brand value in the Brand Finance Middle East 50 league table, more than any other country. But Saudi firms accounted for 21 of the region’s most valuable 50 brands, up from 18 in 2017.
STC topped Brand Finance’s inaugural Saudi rankings. SABIC, in second place, was the Kingdom’s fastest growing brand of the past year, its value increasing 78 percent to $3.7 billion, which the consultancy attributed to the company’s renewed efforts to capitalize on the US shale boom by growing its business in
Banks accounted for 11 of Saudi Arabia’s 25 most valuable brands, led by Al-Rajhi Bank, the world’s largest Islamic bank by total assets. Al-Rajhi’s brand value rose by 22 percent during the year, with NCB and Samba rising 16 percent and 14 percent respectively.
Amazon was named as the world’s most valuable brand by Brand Finance in February, its value increasing 42 percent to $150.8 billion, with technology companies Apple, Google, Samsung and Facebook rounding out the top 5.