Shuaibah-3 IWP (SWRO conversion)
Shuaibah-3 IWP (SWRO conversion) - a Seawater Reverse Osmosis Independent Water Project in Saudi Arabia. Capacity 600k m³/d. Winning consortium: ACWA Power + WEHC (Badeel, PIF). Status: Construction.
- Country
- Saudi Arabia
- Procurer
- SWPC
- City / region
- Shuaibah (Red Sea)
- Capacity
- 600k m³/d
- Status
- Construction
- Water tariff
- Not publicly disclosed
Winning consortium
ACWA Power + WEHC (Badeel, PIF) - equity: ACWA 68% / WEHC 32%
Procurement timeline
- Preferred bidder: 2022
- Commercial close: 2022
- Financial close: Oct 2022
- PCOD: May 2025
Financing
- Capex: USD 821 M
- Lenders: Saudi commercials incl. SNB + international; PIF support via WEHC
- Tenor: 25-yr WPA
Technical scope
Process: SWRO + energy recovery (legacy IWPP conversion)
65 MWp captive solar PV; first major KSA conversion thermal->SWRO
Notes
Direct nego - no auction tariff published.
EPC contractor: ACWA + Sidem (Veolia)
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.