Alkhorayef Water and Power Technologies Co. Announces Financial Closing for the Independent Water Transmission Pipeline (IWTP) Build, Operate and Transfer (BOT) Project

Alkhorayef Water and Power Technologies Co. Announces Financial Closing for the Independent Water Transmission Pipeline (IWTP) Build, Operate and Transfer (BOT) Project

Announcement Detail

In reference to the announcement Alkhorayef Water and Power Technologies Co. on 13/09/2023 corresponding to 28/02/1445 AH the consortium signing the BOT agreement with Saudi Water Partnership Company, Alkhorayef Water and Power Technologies announces that the consortium has achieved Financial Closing for the project with Capital Expenditure equal to 2.4 billion SAR and contract value of 8.4 billion SAR with a duration of 35 years, Rayis – Rabigh IWTP is the first of its kind that will be developed on a Build-Operate-Transfer (BOT) Model in the Kingdom of Saudi Arabia. The project will be developed with a transmission capacity of 500,000 m3/day and a length of 150 km to provide Makkah and Madinah regions with drinking water. Construction will take place in 30 months period and the SPCOD is in Q2 of 2026 for 35 years. Alkhorayef Water and Power Technologies owns 50% of the Consortium. Note that there are no related parties.

Alkhorayef Water and Power Technologies Co. Announces Financial Closing for the Independent Water Transmission Pipeline (IWTP) Build, Operate and Transfer (BOT) Project