Gulf Construction Online - Key groups vying for 650,000 cu m/day IWTP

Saudi Focus

SWPC officials discuss the Jubail-Buraydah IWTP.

Key groups vying for 650,000 cu m/day IWTP

01 September 2024

Saudi Water Partnership Company (SWPC) has announced that consortiums of Saudi utility group Aljomaih Energy & Water Company (with partners Nesma and Buhur for Investment Company) and Vision International Investment (with partner Abu Dhabi National Energy Company – Taqa) have emerged as the final bidders for a major Saudi water transmission project with a 650,000 cu m/day capacity.

The Jubail-Buraydah Independent Water Transmission Pipeline (IWTP), which will run 587-km long, is being implemented on a build, own, operate and transfer (BOOT) basis, said SWPC.

The commercial operations for the project are expected to begin in Q1 2029.

SWPC had earlier announced that a total of 32 companies had expressed their interest in the project, of which 14 were Saudi firms.

The project is part of the Saudi National Water Strategy (NWS 2030), which recognises the critical importance of ensuring sustainable development of the kingdom’s water resources while providing affordable high-quality services.

According to SWPC, the winning bidder will provide the entire transmission capacity to SWPC under a water transmission agreement (WTA). The term of the WTA is expected to be up to 35 years.

SWPC’s obligations under the WTA will be supported by a credit support agreement entered into by the Ministry of Finance on behalf of the government of the Kingdom of Saudi Arabia, it added.