SWPC announces financial Close for the Shuaibah-3 IWPP Conversion Project

SWPC announces financial Close for the Shuaibah-3 IWPP Conversion Project

Saudi Water Partnership Company (SWPC) announced in a statement that it has successfully achieved financial close for the Shuaibah-3 IWPP Conversion Project, from Multi-stage Flash “MSF” technology to Reverse Osmosis “RO” technology, which will be built in Shuaibah in Makkah Province with a production capacity of 600,000 m3/day of potable water.

His Excellency the Minister of Environment, Water and Agriculture, and Chairman of the Board of Directors of Saudi Water Partnership Company, Eng. Abdulrahman bin Abdulmohsen AlFadley explained that achieving financial close helps in implementing the decisions of the Council of Ministers and achieving the goals and plans of the Ministry. In addition, achieving financial close further enhances the active participation of the private sector in developing this vital sector, increases its contribution to the Kingdom’s development, and accomplishes the goals of the Kingdom’s 2030 vision. The Privatization Programs under the Environment, Water and Agriculture structure improve the quality of services and the efficiency of capital spending by utilizing the experience of the private sector in construction, O&M, and management as per the Ministry’s privatization strategy.

H.E. Eng. Al-Fadley explained the importance of the project as it serves Makkah province and the Holy Sites, and that the conversion process will contribute to