Connecting Waterpeople
Saudi Water Partnership Company

Saudi Water Partnership Company announces launch of $693m Jubail 3B IWP

  • Saudi Water Partnership Company announces launch of $693m Jubail 3B IWP

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) has announced the commercial operation of the Jubail 3B Independent Water Project (IWP). Valued at SR2.6 billion ($693.3 million), this state-of-the-art facility employs reverse osmosis technology to produce 570,000 cubic meters of potable water daily, catering to the needs of two million residents in Riyadh and Qassim.

The project reached financial closure in October 2021, following a collaboration between SWPC and a developer consortium led by French energy giant Engie. The consortium, which formed the Al-Jubail International Water Company, also includes prominent local firms Nesma Company and Alajlan Company.

The Jubail 3B IWP not only features advanced desalination capabilities but also incorporates storage tanks to hold a day's worth of production and an in-house solar power system aimed at reducing reliance on the national electricity grid.

Under a build-own-operate contract spanning 25 years, the developer team submitted a competitive levelised cost of water tariff of $0.42 per cubic metre in 2020. Engie holds a 40 percent stake in the project company, with Nesma and Alajlan each owning a 30 percent share.

The local content of this initiative compromises 40% in the construction phase, and 50% during the first five years of operation, and will increase to 70% in the remaining years.

Subscribe to our newsletter

Topics of interest

The data provided will be treated by iAgua Conocimiento, SL for the purpose of sending emails with updated information and occasionally on products and / or services of interest. For this we need you to check the following box to grant your consent. Remember that at any time you can exercise your rights of access, rectification and elimination of this data. You can consult all the additional and detailed information about Data Protection.

Featured news