SHARAKAT has received the Water Agency Excellence Award – Saudi Arabia at the Asian Water Awards 2026, organized by Asian Power magazine, a publication of Charlton Media Group, recognizing its institutional excellence, significant contribution to water infrastructure development, commitment to strengthening private sector participation, and adoption of innovative partnership models that advance efficiency and sustainability across Saudi Arabia’s water sector.
The Asian Water Awards recognize outstanding achievements and initiatives in the water sector and are distinct from the Asian Power Awards, which are dedicated exclusively to companies operating in the power utilities sector.
The award reflects SHARAKAT’s established position as a key contributor to water infrastructure development through public-private partnerships (PPPs). Its institutional approach brings together strategic planning, investment attraction, project development, and delivery to support a more efficient and sustainable water system capable of responding to the Kingdom’s evolving needs.
This achievement recognizes SHARAKAT’s continued efforts to advance effective PPP models that leverage private sector expertise, investment capabilities, and operational experience in delivering essential infrastructure. These partnerships contribute to greater spending efficiency, economic value, and the long-term sustainability of water services.
The recognition also highlights the company’s role in strengthening the investment environment within the water sector by developing high-impact projects that create opportunities for private sector participation, attract specialized expertise and investment, improve project efficiency, and enhance water supply reliability.
SHARAKAT continues to contribute to the development of the Kingdom’s water sector through an integrated approach that balances economic efficiency, operational sustainability, and future infrastructure requirements. Its focus remains on delivering projects with lasting impact, supporting population and economic growth, and strengthening the readiness of water infrastructure to meet future demand.
The award further underscores SHARAKAT’s institutional role in supporting the ongoing transformation of Saudi Arabia’s water sector and its contribution to developing scalable and sustainable partnership models aligned with the Kingdom’s ambitions for greater infrastructure and service efficiency.
This achievement builds on SHARAKAT’s continued efforts to strengthen its international presence, reinforce its position in water infrastructure development through private sector partnerships, and contribute to the objectives of the National Water Strategy 2030, supporting water security, resource sustainability, quality of life, and sustainable development across the Kingdom.