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Saudi Water Partnership Company

Saudi Water Partnership Company announces financial close of Al Haer ISTP project

  • Saudi Water Partnership Company announces financial close of Al Haer ISTP project

About the entity

Saudi Water Partnership Company
Saudi Water Partnership Company is responsible to procure PPP water infrastructure projects and the offtaker for all water delivered by the private and public sector in Saudi Arabia, in addition to offering PPP transaction advisory services.

The Saudi Water Partnership Company (SWPC) is pleased to announce the successful financial close of the Al Haer Independent Sewage Treatment Plant (ISTP) project in Riyadh, valued at approximately SAR 1.8 billion ($399.93 million). The project will be developed by a private sector consortium comprising Miahona Company, BESIX Company, and Marafiq Company.

The plant will have a treatment capacity of 200,000 cubic meters per day, complemented by a 32 km integrated treated sewage transmission system capable of transporting up to 400,000 cubic meters daily. Additionally, a pumping station and storage tanks with a capacity of 200,000 cubic meters will be constructed to enhance the efficient and sustainable use of treated sewage across various sectors. The project marks a significant milestone in advancing Saudi Arabia’s environmental sustainability objectives and improving quality of life.

The commercial operation of the project will commence in the fourth quarter of 2026, with the agreement spanning 25 years to guarantee sustained service delivery and effectiveness.

Eng. Khalid Al Qureshi, CEO of SWPC, highlighted that the Al Haer project is a key strategic initiative launched in collaboration with the private sector. He emphasized that the project will be implemented under the Build, Own, Operate, and Transfer (BOOT) model, ensuring long-term operational efficiency and service continuity.

 

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