SAUDI Arabia vaulted into the ranks of the world’s rich nations by selling oil worldwide. Inside the kingdom, a group of business families have built a fortune of more than US$9bil by betting on an even more essential commodity: Water.
Their ACWA Power Co got its start building a water and electricity plant to supply Mecca, Islam’s holiest place. But it has since expanded into one of the biggest desalination companies in the desert nations across the Gulf.
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