NWC unveils strategic water storage projects worth SR9bn

Updated 14 March 2014
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NWC unveils strategic water storage projects worth SR9bn

Abdullah Al-Assaf, the director of the National Water Company’s Jeddah branch said the total cost of the strategic storage projects in Jeddah stands at SR9 billion. He said the installation of 80 percent of home connections will be completed by the end of next year.
The National Water Company announced projects for the strategic storage of water which aims to provide water in emergency situations, reduce the challenges facing the growing demand on water and achieve water security for the Kingdom by storing water reserves for Jeddah of more than ten million cubic meters.
Jeddah Gov. Prince Mishaal bin Majed was briefed recently on the company’s project during a meeting with Al-Assaf. The first phase of the projects, involve Briman 1 reservoirs with a capacity of two million cubic meters to be completed by the end of this year.
The second phase, Briman 2 with a capacity of one million cubic meters will be completed by 2015, while the third phase involve the Al-Faisalyah reservoirs with a capacity of one million cubic meters, to be completed in 2015 also.
The strategic storage projects include Briman 3 as well with a capacity of one million cubic meters of water, the North reservoir with a capacity of three million cubic meters and the South with two million cubic meters.
The prince was also familiarized with drinking water networks that have been completed recently, and the other networks under implementation in a number of neighborhoods in the city.
The other projects involve the sewage network projects, the triple treatment project whose connections were completed in 2012 in the neighborhoods of Al-Salamah, Al-Bawadi, Al-Marwah and part of Al-Safa neighborhood. Last year’s connections for the neighborhoods of Al-Nuzha, Al-Rabwah, part of Al-Rawdah, Al-Khalidiyah, Al-Faisalyah and Al-Shatei’ have been completed.
This year, other neighborhoods will see the installation of the sewage network and home connections, such as the remaining parts of Al-Shatei’, Al-Nahdha and Al-Muhammadyah.
The water company has also started to expand and raise the efficiency of the sewage network in Al-Balad area and the old neighborhoods at a cost of SR227 million. The treatment stations will be completed by the end of 2017 to reach 11 treatment stations in total.


Website launched to support housing project in Saudi Arabia

The Ministry of Commerce and the Ministry of Housing are working together to provide the necessary services for citizens from different social classes. (SPA)
Updated 40 min 20 sec ago
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Website launched to support housing project in Saudi Arabia

  • Real estate financing for January hit SR4.7 billion, and coming months were expected to see even bigger figures, Al-Hogail told Reuters news agency on the sidelines of a housing conference in Riyadh

RIYADH: A new website has been set up to support a housing project for 10,000 units in the Kingdom.
Housing Minister Majid Al-Hogail, and Commerce and Investment Minister Majid Al-Qassabi on Sunday launched Benaa Housing, which will help construction companies and contractors contribute to a development program in the Kingdom.
Benaa Housing aims to speed up the process of building 10,000 housing units in various parts of Saudi Arabia by enabling small and medium enterprises in the construction sector to access and contribute to projects and opportunities. The estimated cost of the project is SR3.5 billion ($910 million).
“The Ministry of Housing is always keen to provide adequate housing, solutions, and services suitable to all families, especially the beneficiaries of the Housing Development Program in all regions of the Kingdom,” Al-Hogail said.
Al-Qassabi said the new platform would generate more business opportunities for small and medium enterprises and provide suitable apartments for middle-class and lower-income families.
“The Ministry of Commerce and the Ministry of Housing are working together to provide the necessary services for citizens from different social classes and groups, and the new platform is the fruit of these efforts,” he added.
Earlier this month, the housing minister said he expected investments in the real estate financing sector to reach between SR60 billion and SR80 billion this year.
Real estate financing for January hit SR4.7 billion, and coming months were expected to see even bigger figures, Al-Hogail told Reuters news agency on the sidelines of a housing conference in Riyadh.
Saudi home ownership was growing between 6 and 7 percent annually, he said, adding that he hoped to raise home ownership to 15,000 new households per month by 2020, from a little over 10,000 per month now.
The ministry aims to increase housing ownership through policy and stimulating the private sector, according to its website.
The challenges facing the ministry are the limited availability of suitable units for all parts of the population; difficulty in accessing adequate housing finance; the inefficiency of the real estate sector and heavy reliance on government funding.
“Even though 47 percent of Saudi families already own their homes, we aim to increase this rate by 5 percentage points by 2020,” the Kingdom’s Vision 2030 reform plan states. Vision 2030 also aims to speed up construction and provide Saudis with high-quality, competitively priced housing, and to stimulate localization of the country’s construction industry.