Saudi Water Partnership Company S.M.L.L.C (SWPC) invite the submission of expressions of interest (EOI) in respect of the potential development of the Project consisting of :
- Eastern Province independent strategic water reservoir, which will be constructed with an indicative water storage capacity of 3,510,000 m3;
and
- Al-Ahsa independent strategic water reservoir which will be constructed with an indicative water storage capacity of 1,389,000 m3.
The Project will include water reservoirs and all the associated infrastructure and facilities.
SWPC intends to conduct a competitive tender to select a private sector developer (or developer consortium) for the development, financing, procurement, implementation, operation, maintenance and transfer (BOOT) of the Project.
The successful bidder, through a project company to be incorporated, will provide the required storage capacity to SWPC under a 30-Year Water Storage Agreement (WSA).
SWPC’s obligations under the WSA will be supported by a credit support agreement from the government of the Kingdom of Saudi Arabia.
Interested parties should express their interest to participate in the tender process by no later than January 6, 2022, statement mentioned.
For this project, SWPC is being advised by :
- Synergy Consulting IFA Inc. as Lead and Financial Adviser;
- Amer Al Amr Law Firm as Legal Adviser; and
- WSP Middle East Limited as Technical Adviser.
