Saudi Water Partnership Company (SWPC) has selected the consortium made up of Vision International Investment Company, Gulf Investment Corporation and TAQA are the preferred bidder for the Juranah Independent Strategic Water Reservoir (ISWR) Project in Makkah city. The project is the first of its kind in Saudi Arabia under the BOOT model.
The project will enhance the water supply chains and it is intended to serve the residents and visitors of Makkah city in addition to Hajj & Umrah pilgrims. The capacity of the strategic tanks is 2,000,000 m3 while the project will develop also operational tanks with a capacity of 500,000 m3 to support the potable water distribution system.
In a statement, SWPC said that the preferred bidder submitted a levelised water storage tariff of 18.11137 halalas per cubic metres per day (equivalent to $0.048/m3/day) for the project.
The reserved bidder, a consortium consisting of Abdul Aziz Al Ajlan Sons Co. for Commercial & Real Estate Investment and Orascom Construction, submitted a tariff of 24.07696 halalas/m3/day ($0.064/m3/day).
The SWPC statement said the project would be developed under Build-Own-Operate-Transfer (BOOT) for a period of 30 years, adding that it is expected to start commercial operations in the first quarter 2027.
In July 2023, SWPC had announced it had received bids from three consortia for the Juranah Independent Strategic Water Reservoir Plant Project.
