Acciona wins $398m deal for Jubail 3B plant
01 September 2021
Spanish infrastructure major Acciona has announced that it has secured the main contract worth €337 million ($398 million) for the Jubail 3B Independent Water Plant (IWP) in Saudi Arabia.
Located 65 km north of Dammam airport, the plant will produce 570,000 cu m/day of potable water through reverse osmosis technology to supply the cities of Jubail and Dammam. It will include storage facilities for one operational day in addition to in-house renewable energy capacity to reduce grid electricity consumption throughout the desalination process. The plant, being set up on a build, own, operate (BOO) model, will begin operations in 2024.
During the first half, Acciona clinched new contracts worth €4.65 billion, of which €2.36 billion were for construction and water projects.
In June, Saudi Water Partnership Company (SWPC) a deal with a consortium led by French energy giant Engie for the commercial close of Jubail 3B Project. The consortium includes Saudi-based Nesma Company and Abdulaziz Al Ajlan Sons for Commercial and Real Estate Investment Company (each with a 30 per cent stake in the project).
- $906m Sudair solar plant achieves financial close
- $3.4bn projects announced for Tabuk
- Masdar, EDF launch kingdom’s first wind farm
- Roshn’s Riyadh community renamed as Sedra
- Aecom to provide PM services for Al Ula
- Acciona wins $398m deal for Jubail 3B plant
- Sakani delivers over 900 new housing units
