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. Global warming will exacerbate the shortage of water.
B. Water companies will feel happy because of water shortage.
C. Saudi Arabia and Algeria are making great efforts to solve the problem of water shortage.
D. According to the UN, 60% of the world’s population won’t suffer water shortages by 2050.
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