A consortium, led by Alkhorayef Water and Power Technologies Company, has been chosen as the preferred bidder for the Rayis-Rabigh independent water transmission pipeline (IWTP) project, reports Zawya.
The state-owned Saudi Water Partnership Company (SWPC) has selected the consortium based on its levelised cost of SAR 1.25678/cubic meter.
According to a statement issued to the Saudi stock exchange on Tuesday, the project will boast a transmission capacity of 500,000 cubic meters per day and span a length of 150 kilometers. Its primary objective is to provide drinking water to the Makkah and Madinah regions by the first quarter of 2026, with a contract lasting for 35 years.
Alkhorayef Water holds a 50 percent stake in the consortium, and the company has announced its commitment to collaborate with relevant parties to achieve financial closure for the project, as stated in their recent communication.
On March 7, 2023, the Saudi Water Partnership Company (SWPC) disclosed that they had received bids from three different consortiums vying for the IWTP project. The participating consortiums are as follows:
- Nesma Company, Ajlan & Bros, Mutlaq Al-Ghowairi Company (MGC), and Buhur for Investment Company.
- Cobra Instalaciones y Servicios; Alkhorayef Water & Power Technologies; and Orascom Construction.
- Vision International Investment Company, Abu Dhabi National Energy Company (TAQA), and Gulf Investment Corporation.
The Request for Proposal (RFP) tender was initially released in August 2022, and from the pool of applicants, a total of 14 companies were prequalified to bid for the prestigious IWTP project.
SWPC had issued a Request for Proposals (RFP) for the Rayis-Rabigh Independent Water Transmission Pipeline (IWTP) project in August of 2022.
