Water projects in Africa and the Middle East: $143 billion in active investments

Clean water is one of the most crucial resources for humanity. While some African countries have an abundant supply, others, especially in North Africa and the Middle East, increasingly need to manage their water resources intelligently. Therefore, large-scale water projects in Africa and the Middle East are becoming a necessity to maintain public health and environmental protection.

Investment in Water Projects in Africa and the Middle East

As a result, Africa and the Middle East are investing heavily in water projects. As of 2024, the region hosts over 300 major projects in Africa, valued at $143 billion.

Stages of Water Projects

Currently, 42 water projects, valued at $29 billion, are at the feasibility study stage. 80 projects are at various stages of planning and contractor bidding, while 189 projects are under construction.

Types of Water Projects

Wastewater treatment plants make up the largest portion of water projects, with 115 projects underway or upcoming, valued at over $43 billion. Water storage projects, primarily dams, follow with 80 projects valued at $45 billion. Additionally, there are several freshwater supply projects (58 projects, $35 billion), especially desalination plants, and water transmission projects (53 projects, $18 billion) underway in the region.

Leading Countries

In terms of value, North Africa, South Africa, and the Middle East lead the way. Egypt, South Africa, and Saudi Arabia account for nearly half of the total value of projects in the MEA region. Morocco and Qatar contribute nearly an additional 10%. Kenya, as one of the leading countries in Sub-Saharan Africa, hosts a higher number of relatively small projects (21 projects) with a total value of $3.3 billion. Similarly, Ghana has 18 projects valued at $2.2 billion.

Major Stakeholders

Public entities such as the Saudi Water Partnership Company, the Zululand District Municipality, and the Qatar General Electricity and Water Corporation represent the majority of the main developers. However, several desalination projects are being developed by private parties. Major international funders and development banks have recognized the impact on the sector's development and environment. Therefore, the African Development Bank, the World Bank Group, as well as European development banks such as KfW, EIB, and the French Development Agency are providing significant amounts of funding. Major contractors in the water sector in the MEA region include Orascom, Bioui Works, SEPCO, and Hassam Allam

Article Source: abiq