Saudia Arabia announces the Preferred Bidder for Juranah ISWR Project

24 November 2023
Saudia Arabia announces the Preferred Bidder for Juranah ISWR Project

Saudi Water Partnership Company S.M.L.L.C (SWPC) announce the evaluation completion of the received proposals from the Bidders for the Juranah Independent Strategic Water Reservoir Project in Makkah city which is considered the first of its kind in the Kingdome of Saudia Arabia under the BOOT model.

The project will enhance the water supply chains  and it is intended to serve the residents and visitors of Makkah city in addition to Hajj & Umrah pilgrims. The capacity of the strategic tanks is 2,000,000 m3 while the project will develop also operational tanks with a capacity of 500,000 m3 to support the potable water distribution system.

SWPC announces the names of both Preferred Bidder and Reserved Bidder in addition to their Levelized Water Storage Charges, as follows:

  • Preferred Bidder – Consortium of Vision International Investment Company and Gulf Investment Corporation G.S.C and TAQA – Levelized Cost – 18.11137 Halalas/m3/day
  • Reserved Bidder – Consortium of  Abdul Aziz Al Ajlan Sons Co. for Commercial & Real Estate Investment and Orascom Construction – 24.07696 Halalas/m3/day

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 was 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 expected PCOD for the project is in the first quarter 2027.