Riyadh-Qassim IWTP
Riyadh-Qassim IWTP - a Independent Water Transmission Pipeline in Saudi Arabia. Capacity 685k m³/d. Winning consortium: Vision International Investment (Vision Invest) - PB Dec 2025. Transmission cost: USD $0.701/m³. Status: Preferred bidder.
- Country
- Saudi Arabia
- Procurer
- SWPC
- City / region
- Riyadh → Al-Qassim (Buraydah)
- Capacity
- 685k m³/d
- Status
- Preferred bidder
- Transmission cost
- USD $0.701/m³
Winning consortium
Vision International Investment (Vision Invest) - PB Dec 2025 - equity: Vision Invest 100% (solo bid); SPV equity TBC at CC
Procurement timeline
- RFQ: 2024
- RFP: Feb 2025
- Bid submission: 17 Sep 2025
- Preferred bidder: Dec 2025
- Commercial close: H1 2026 expected
- Financial close: H2 2026 expected
- PCOD: Q2 2030 target
Prequalified bidders
20 PQ · 3 final bids
- Vision Invest (solo)
- AlJomaih+Alkhorayef+AlBawani+Buhur
- Lamar Holding (Bahrain)+EtihadWE (UAE)+Shaanxi Construction (China)
Runner-up bidders & tariffs
- Lamar+EtihadWE+Shaanxi (Reserve) - SAR 3.262/m³
- AlJomaih+Alkhorayef+AlBawani+Buhur - SAR 3.324/m³
Financing
- Capex: USD 2.5-3.0 bn (est)
- Lenders: TBD
- Tenor: TBD
Technical scope
Process: Pumping + 859 km bi-directional pipeline + 1.59M m³ storage
Longest Saudi IWTP at 859 km. 6 strategic Riyadh tanks (1.02M m³) + 32 ops tanks (571k m³). 685k m³/d capacity. Vision Invest beat consortia by >20% on tariff
Notes
Vision Invest's first IWTP win (was reserve on prior two). Solo bid beat both consortia by >20%.
EPC contractor: TBD (Vision Invest to appoint international EPC)
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.