Opportunities for water companies are flowing around the world because of looming shortages and decades of underinvestment. Saudi Arabia and Algeria, where water shortages have become acute, are placing billions of dollars of contracts out to bid to improve water supplies for their growing populations. The trend is expected to grow, as 40% of the world’s population will suffer water shortages by 2050, according to the United Nations Development Program. Global warming is expected to exacerbate the problem.
Saudi Arabia began privatizing water services after shortages sparked riots last November in Jeddah. Loay Ahmed Musallam, the deputy water minister, said the first contract to manage water supplies for Riyadh would be awarded this year. By 2010, private companies will provide water for half the population, he added. Saudi Arabia plans to invest $ 37 billion over five years to improve water pipelines. Leaks cost 1 million cubic meters of water a day--the output of
A. Water problems in US are not optimistic, either.
B. Clean, safe, inexpensive water no longer meet American peoples’ needs.
C. Water service’s privatization is not necessary for the US.
D. Investment for water is not enough in the US.
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