Jubail-Buraydah IWTP

Jubail-Buraydah IWTP - a Independent Water Transmission Pipeline in Saudi Arabia. Capacity 650k m³/d. Winning consortium: AlJomaih Energy & Water + Nesma + Buhur. Transmission cost: USD $0.959/m³. Status: Construction (FC achieved).

Country: Saudi Arabia
Procurer: SWPC
City / region: Jubail (Eastern) → Buraydah (Al-Qassim)
Capacity: 650k m³/d
Status: Construction (FC achieved)
Transmission cost: USD $0.959/m³

Winning consortium

AlJomaih Energy & Water + Nesma + Buhur - equity: AlJomaih 45% / Buhur 35% / Nesma 20%

Procurement timeline

RFP: Oct 2023
Bid submission: Aug 2024
Preferred bidder: Nov 2024
Commercial close: Mar 2025
Financial close: Sep 2025
PCOD: 2029 target

Prequalified bidders

AlJomaih+Nesma+Buhur
Vision Invest+TAQA

Runner-up bidders & tariffs

Vision+TAQA (Reserve) - SAR 5.04214/m³

Financing

Capex: USD 2.3 bn (SAR 8.5bn)
Debt: 100% Islamic finance - landmark
Lenders: Al Rajhi, NIF, ADCB, SAB, Arab Energy Fund, FAB, SIB, Bank AlJazira
Tenor: ~28-30 yr project-life cover

Technical scope

Process: Pumping + 587 km bi-directional pipeline + 1.63M m³ storage

First Saudi IWTP with two-way flow (reverse pumping between Eastern Province and Qassim)

Notes

100% Islamic-financed - landmark structure at USD 2.3 bn.

EPC contractor: AlJomaih+Nesma+Buhur internal

Sources

Open the full IWTP benchmark →

Part of the GulfInfra · GCC Infrastructure Library - a free open-source benchmark of 136 public-private partnership procurements across the GCC. Methodology: how we build this.