Saudi Arabia’s Water & Electricity Company (WEC) has announced that a total of 71 companies have showed interest in the planned independent water reverse osmosis (RO) seawater desalination project (IWP), to be constructed in Saudi’s Yanbu province.
WEC had invited developer consortia to submit expressions of interest for this project by 11th of April 2019.
According to Trade Arabia, approximately 30 of these companies are Saudi, who are eager to take part in this desalination plant with a planned capacity of 450,000 cubic meters a day.
Developers from Saudi Arabia eyeing Yanbu 4 include ACWA Power, Saudi Binladin Group; Abdul Ali Al Ajmi Company; Abdullatif Jameel Commercial Development Company; Alblagha Holding Company; Aljomaih Holding Company; AlKawther and Almashariq Al Bawani Company; Alfanar Company and Aqua Treat Group besides GS Inima Environment; Gulf Investment Corporation; Haji Abdullah Alireza & Company; Malakoff International and Marafiq
Companies from the region that have showed interest in the project are: UAE's Mubadala Investment Company; Abu Dhabi Future Energy Company and Utico, reported Trade Arabia.
Finally, international companies in the desalination sector that have shown interest include: Can SNC Lavalin; Suez International; Veolia Middle East; Tecnicas Reunidas; Abengoa; Sumitomio; JGC Corporation; Bechtel; Doonsan Heavy Industries & Construction; Fisia Italimpianti; Shanghai Electric Group; Adani Infra Limited and VA Tech Wabag.
Yanbu 4 is to be developed with a concession period of 25 years. The chosen developer will then sign a water purchased agreement with the Saudi government.
As financial adviser, WEC has appointed Japan’s Sumitomo Mitsui Banking Corporation, as well as appointing Austria’s ILF Consulting Engineers as technical advisers and UK’s DLA Piper as the project’s legal advisers.
