Saudi Arabia Announces Financial Close of $693.3m Jubail 3B IWP
- Date: 20-Oct-2021
- Source: Saudi Gulf Projects
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Arabia Announces Financial Close of $693.3m Jubail 3B IWP
Saudi Water Partnership Company (SWPC) announced in a statement that it has successfully achieved the Financial Close for Jubail 3B IWP.
The total cost of the Project is around 2.6 billion Saudi Riyals (USD 693.3 million).
Earlier, during June 2021, SWPC signed the project agreement with the preferred bidder, consortium of Engie, NESMA, Alajlan Global.
The Jubail 3B IWP plant will produce 570,000 m3/day of potable water through reverse osmosis technology to supply the Riyadh and Qassim Regions.
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