Al Jomaih Consortium secures SAR 8.5 bn for Jubail-Buraydah water pipeline: The Saudi Water Partnership Company (SWPC) reached financial close on the SAR 8.5 bn Jubail–Buraydah independent water transmission pipeline (IWTP) project, SWPC said in a statement on Thursday. The project was announced last March with a consortium of Al Jomaih Energy and Water, Buhur for Investment, and Nesma Group

The deets: Developed under a 35-year build-own-operate-transfer (BOOT) model, the project will transport 650k cubic meters of desalinated water daily across 587 km between the Eastern Province and Qassim Region, with commercial operation expected to begin in 1Q 2029 — pushed from 1Q 2028. Once operational, the project will serve more than 2 mn people, supported by 1.6 mn cbm of storage capacity and an availability rate of up to 98%. It also targets 45% local content during construction and up to 70% during operations.

Who owns what? The project will be developed by Stream Water Transmission Company, with Al Jomaih holding a 45% stake, Buhur with 35%, and Nesma with 20%.

ICYMI- The consortium was named the preferred bidder in November of last year, securing a levelized water transmission cost (LWTC) of SAR 3.6 per cubic meter.

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