Saudi Water Partnership Company (SWPC), in association the consortium comprised of France-headquartered ENGIE (40%), Saudi based Nesma Company Limited (30%) and Abdulaziz Al Ajlan Sons for Commercial and Real Estate Investment (30%), has achieved commercial close on the Jubail 3B Independent Water Project (IWP).
Following the agreement, a 25-year Water Purchase Agreement between SWPC and the ENGIE-Nesma-Ajlan consortium was recently signed in the presence of Eng. Abdulrahman Al Fadli, Chairman, Board of SWPC and Minister of Environment, Water and Agriculture.
Located 65 km north of Dammam airport in the Kingdom of Saudi Arabia, the Jubail 3B IWP plant will produce 570,000 cbm/day of potable water through reverse osmosis technology to supply the cities of Jubail and Dammam.
The project is part of the water schemes in Saudi Arabia developed under the public-private-partnership (PPP) structure. The consortium will develop and finance the desalination plant, which will be operated and maintained by ENGIE. The Jubail 3B project was awarded by SWPC as a build, own, operate (BOO) contract, with commercial operation expected in 2024.
“The Saudi Water Partnership Company will provide full support for investment projects, and to enhance private sector participation in sustainable development by providing the opportunity for local and foreign investors to participate in the implementation of these projects,” affirmed Eng. Khalid Al-Quraishi, CEO, SWPC. “Through our projects, and in close coordination with our partners, ENGIE remains committed to providing value-added services,” asserted Turki Al Shehri, CEO, ENGIE, Saudi Arabia.