
Riyadh - Sharikat Mubasher: SPARK Utilities, the third licensed power company in Saudi Arabia, signed a 25-year water supply agreement with the Water Transmission and Technologies Company (WTTCO), SPARK announced in a press release.
As per the agreement, SPARK will provide Riyadh city with potable water from its advanced eco-friendly water facility, Reverse Osmosis (RO) plant.
The agreement was signed by Ahmed Al Essa, the CEO of SPARK Utilities, and Tariq Al Naeem, CEO of WTTCO, at the Saudi Infrastructure Expo in Riyadh.
This long-term agreement highlights SPARK’s commitment to build a fully integrated hub featuring sustainable infrastructure and ensuring swift and seamless service connectivity for residents, tenants and visitors throughout the city. It also aligns with the Kingdom’s sustainability objectives as part of Vision 2030 and the Saudi Green Initiative.
Al Essa described the agreement as a milestone in the company’s journey. He said: “As a reliable, world-class utility operator, SPARK Utilities is committed to delivering excellence to our potential investors and to our currently operating tenants, as we continuously strive to support their growth through strategic partnerships and investments in innovative technologies."
Meanwhile, Al Naeem stated: “This agreement underscores our commitment to providing continuous and reliable water supply. As the largest water transmission company in the world, we remain steadfast in our dedication to Vision2030 and the Saudi Green Initiative by enhancing sustainable and efficient water management practices.”
SPARK Utilities, a subsidiary of SPARK, is the third company in Saudi Arabia to obtain a license to distribute and sell power by the Water and Electricity Regulatory Authority (WERA).
WTTCO is the largest water transmission company in the world that offers a range of services including managing and operating water transmission and dispatch systems using innovative water technologies.