Incubation and Spin off of O&M Business Unit (BU) – Jul 2011 Rehabilitation of Al Khomra RO plant on a concession contract – Nov 2011 Incubation of Key Account Customer (BU) – Feb 2012 Conservation Applications: Agreement with Niagra conservation – Apr 2012 Achieved signing of sales contracts through TSE initiative – Oct 2012 Incubation and Spin off of TSE Business Unit (BU) – Oct 2012 National Water Polytechnic: JV with TVTC & KAUST participation – Nov 2012 Real Estate Initiative : Site Studies completed at Riyadh & Jeddah – Jan 2013 Commercialisation & obtaining approval of “Waad Al-Shamal” project to supply 250,000 m3/day of treated water – Feb 2014 These initiatives will help drive NWC to achieve multiple goals, all of which will contribute to the financial viability of the company in the long term, and includes : Resource Sustainability, Operational & Technical Efficiency, Cost Reduction & Insourcing of activities, Integration of Local & Global technical Private sector players. Developing the skills of its employees Next Phase of Privatization :The first phase of privatisation which consisted of Management Contracts were awarded for the cities of Riyadh, Jeddah, Makkah and Taif. On there successful completion NWC has embarked on the phase 2 of the privatisation journey. This will lead to long term lease / concession contract to global and local players in partnership with NWC. This is planned to be achieved through further PPP arrangements which will entail the establishment of independent Joint Venture (JV’s) across the country. These Joint Venture (JV’s) will consist of partnerships between NWC and private sector participants and will be selected to provide the best value for the country and NWC.