Saudi Water Partnership Company S.M.L.L.C (SWPC) announces in a statement that, Bidders Proposals has been received in respect of the potential development of Juranah independent strategic water reservoir located in the Makkah region.
Following Bidders has submitted the Proposals:
- Abdul Aziz Al Ajlan Sons Co. for Commercial & Real Estate Investment and Orascom Construction
- Nesma Company, Al Jomaih Energy & Water Company and Buhur for Investment Company
- Vision International Investment Company and Gulf Investment Corporation G.S.C and TAQA.
Juranah ISWR is the first of its kind that will be developed with the participation of the private sector, with a total storage capacity of 2,500,000 m3 and all associated infrastructure and facilities.
SWPC earlier announces that 17 bidder has been qualified for Juranah Independent Strategic Water Reservoir.
As per notification, SWPC announces that it intends to conduct a competitive tender process to select a private sector developer (which may be a 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.
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.
The Project Commercial Operation Date (PCOD) is in first quarter of 2027.
