Ras Mohaisen IWP
Ras Mohaisen IWP - a Seawater Reverse Osmosis Independent Water Project in Saudi Arabia. Capacity 300k m³/d. Winning consortium: ACWA Power + Al Moayyed + DAA. Status: Financial close.
- Country
- Saudi Arabia
- Procurer
- SWPC
- City / region
- Al-Qunfudhah (Makkah, Red Sea)
- Capacity
- 300k m³/d
- Status
- Financial close
- Water tariff
- Not publicly disclosed
Winning consortium
ACWA Power + Al Moayyed + DAA - equity: ACWA 45%
Procurement timeline
- RFP: 2023
- Bid submission: 2024
- Preferred bidder: 2024
- Commercial close: Feb 2025
- Financial close: Dec 2025
- PCOD: Q1 2030
Prequalified bidders
2 PQ
- ACWA Power-led
- Second consortium
Financing
- Capex: USD 667 M
- Debt: SAR 2.074 bn (~USD 553M)
- Lenders: Saudi/international banks
- Tenor: 29.5 years
Technical scope
Process: SWRO + energy recovery
600k m³ storage (2-day prod); 300 MLD Red Sea
Notes
Tariff not disclosed. Long debt tenor 29.5y.
EPC contractor: L&T consortium
Sources
Open the full SWRO IWP 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.