Saudi Water Partnership Company (SWPC)  announced the Preferred and Reserved Bidders and their Levelized Water Transmission Costs for the development of Rayis – Rabigh Independent Water Transmission Pipeline (IWTP) project.

Preferred Bidder: Cobra Instalaciones y Servicios, S.A. – Alkhorayef Water and Power Technologies

Levelized Cost (in SAR/m3) : 1.25678

Reserved Bidder: Vision International Investment Company – TAQA – Gulf Investment Corporation G.S.C

Levelized Cost (in SAR/m3) : 1.45165

Rayis – Rabigh IWTP is considered the first of its kind that will be developed with the participation of the private sector. The project will be developed with a transmission capacity of 500,000 m3/day and a length of 150 km to provide Makkah and Madinah regions with drinking water.

As per the earlier notification, SWPC will conduct a competitive process to select a developer or developer consortium to develop the Project on a Build, Own, Operate and Transfer (BOOT) basis.

The project company developing the Project will provide the entire transmission capacity to SWPC under a Water Transmission Agreement (WTA).

The term of the WTA is expected to be up to 35 years.

SWPC’s obligations under the WTA will be supported by a credit support agreement entered into by the Ministry of Finance on behalf of the Government of the Kingdom of Saudi Arabia.

SWPC advised by Synergy Consulting IFA Inc. (as Lead and Financial Adviser), Amer Al Amr Law Firm (as Legal Adviser) and Fichtner GmbH & Co. KG (as Technical Adviser).

The PCOD of the Project is expected in first Quarter of 2026.