KSA Business: Marubeni, Metito, GIC in race for key Saudi reservoirs project – Gulf Digital News

KSA Business: Marubeni, Metito, GIC in race for key Saudi reservoirs project – Gulf Digital News

Saudi Water Partnership Company (SWPC) has announced that a total of 17 developer/developer consortiums have been prequalified for the Juranah Independent Strategic Water Reservoirs project located in Makkah region that has a total storage capacity of 2.5 million cu m per annum.

The list of the pre-qualified bidders (lead and/or technical) for the project include Asian industrial majors Japan's Marubeni Corporation and Chinese companies - Gezhouba Group Overseas Investment and China Harbour Engineering Company (CHEC) in addition to regional firms, the UAE-based Metito and Kuwait's Gulf Investment Corporation.

SWPC indicated in November last year that a total of 34 companies had expressed their interests in the Juranah project which is being implemented on a BOOT (build, own, operate and transfer) model. Of these, 21 were Saudi firms.

The top local firms which have now been prequalified are Abdul Aziz Al Ajlan Sons; Metscco Heavy Steel Industries; Al Yamama Company; Alfanar; Al Rajhi Holding Group; Almutlaq Industrial Investment; Alkhorayef Water & Power Technologies; Marafiq; Mowah; Mutlaq Al Ghowairi; Nesma and Vision International Invest Company.

SWPC in an earlier notification said it will be conducting a competitive process to select a developer/developer consortium for the project which will be responsible for the development, financing, procurement, implementation