Xylem plans manufacturing facility in Saudi Arabia

US-based international water options firm Xylem is planning to ascertain a producing facility in Saudi Arabia, a prime firm official stated.

Naji Skaf, Xylem’s Managing Director for Center East and Turkey instructed Zawya Initiatives that the corporate is finalising plans for a producing facility within the Gulf kingdom.

“In Saudi Arabia, we see exponential development as new cities are being constructed, new areas are being developed, which suggests there shall be a have to ship water to those communities. We want to present our dedication to rising in Saudi Arabia with a manufacturing facility within the Kingdom to provide Made in Saudi Arabia merchandise and by hiring native, shopping for native and delivering native.”

He added that the corporate expects to make an announcement concerning the plant by 2023 however didn’t disclose extra particulars.

Xylem presently has manufacturing services in Turkey and the UAE. In March 2022, Zawya Initiatives had reported that the corporate is finishing up a feasibility research to evaluate the associated fee and site for a plant in Egypt.

Skaf stated Xylem’s plans for a manufacturing facility in Saudi Arabia is predicated on the expansion in infrastructure investments within the kingdom.

He stated: “These investments usually are not solely about pipelines, but additionally about all of the shifting components that take the water from Level A to B, which is the place we are available.  There’s going to be exponential development in Saudi Arabia, and we should be there contributing to these initiatives.”

Earlier this month, Nationwide Water Firm (NWC), the state-owned supplier of water and wastewater remedy companies introduced that intends to roll out 1,429 initiatives for tender value greater than 108 billion Saudi riyals ($29 billion), marking the water distribution sector’s largest package deal of initiatives ever.

Xylem, which operates in over 150 nations, delivered revenues of $5.2 billion in 2021.

(Reporting by Anoop Menon; Enhancing by Bhaskar Raj)

(anoop.menon@lseg.com)