Rayis-Rabigh IWTP
Rayis-Rabigh IWTP - a Independent Water Transmission Pipeline in Saudi Arabia. Capacity 500k m³/d. Winning consortium: Cobra (ACS Group) + Alkhorayef Water (AWPT). Transmission cost: USD $0.335/m³. Status: Construction.
- Country
- Saudi Arabia
- Procurer
- SWPC
- City / region
- Rayis (Madinah) → Rabigh (Makkah)
- Capacity
- 500k m³/d
- Status
- Construction
- Transmission cost
- USD $0.335/m³
Winning consortium
Cobra (ACS Group) + Alkhorayef Water (AWPT) - equity: AWPT 50% / Cobra 50%
Procurement timeline
- RFQ: Dec 2021
- RFP: Aug 2022
- Bid submission: Q1 2023
- Preferred bidder: Jul 2023
- Commercial close: Sep 2023
- Financial close: Mar 2024
- PCOD: Q2 2026 target (~73% complete late 2025)
Prequalified bidders
14 PQ
- Cobra+AWPT+Orascom
- Vision Invest+TAQA+GIC
- Nesma+Al Ajlan+Ajlan Bros+Al-Ghowairi+Buhur
Runner-up bidders & tariffs
- Vision+TAQA+GIC (Reserve)
- Nesma+Al Ajlan+Buhur
Financing
- Capex: USD 640 M (SAR 2.4bn cap; SAR 7.78bn / USD 2.07bn 35-yr value)
- Lenders: Islamic + conventional tranches
- Tenor: 35-yr
Technical scope
Process: Pumping + 150 km buried main + ops storage
Saudi's first IWTP PPP. 30-month construction
Notes
Saudi's first IWTP PPP. Lowest tariff of the 3 (shorter pipeline).
EPC contractor: Cobra + AWPT
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.