Saudi Arabia prequalifies 15 developers for strategic water reservoir

Written by
29 Jun 2022
Saudi Arabia prequalifies 15 developers for strategic water reservoir

The Saudi Water Partnership Company (SWPC) has prequalified 15 developers for the contract to develop the Eastern Province and Al-Ahsa independent strategic water reservoir (ISWR)

 

The Saudi Water Partnership Company (SWPC) has prequalified 15 developers for the contract to develop the Eastern Province and Al-Ahsa independent strategic water reservoir (ISWR).

Energy & Utilities reported in January that SWPC had invited firms to submit request for qualification (RFQ) by 13 February for the ISWR project.

SWPC received expressions of interest (EOI) for the project in the fourth quarter of 2021. The ISWR project will be developed under a build, own, operate and transfer (BOOT) model.

The project will involve the development of:

  • Eastern Province ISWR – capacity of 3,510,000 cubic metres
  • Al-Ahsa ISWR – capacity of 1,389,000 cubic metres

The project will involve the development of both water reservoirs and associated infrastructure and facilities.

The prequalified firms are:

  1. Abdul Aziz Al Ajlan Sons Co. for Commercial & Real Estate Investment – Ajlan & Bros
  2. Metscco Heavy Steel Industries
  3. Al Rajhi Holding Group
  4. Mowah
  5. Al Rawaf Contracting Company
  6. Alfanar
  7. Alkhorayef Water and Power Technologies Company
  8. China Gezhouba Group Overseas Investment Company
  9. Gulf Investment Corporation (GIC)
  10. Vision International Investment Company
  11. Marubeni Corporation
  12. Metito Utilities
  13. Mutlaq Al-Ghowairi Company (MGC)
  14. Nesma
  15. Saleh Saeed Teishan & Sons

The successful bidder will form a project company which will operate under a 30-year water storage agreement (WSA). SWPC’s obligations will be supported by a credit agreement from the Saudi government.

Developers have until 6 January to submit EOI for the Al-Ahsa and Eastern Province ISWR project.

SWPC has appointed Synergy Consulting as lead and financial adviser, Amer Al-Amr Law firm as legal adviser and WSP Middle East as technical adviser.

The same advisory team is supporting SWPC with the tendering process for the planned Juranah ISWR project, which will have a water storage capacity of 2,500,000 cubic metres.

Energy & Utilities reported in May that SWPC had prequalified 17 bidders for the planned Juranah ISWR.

 

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