Saudi Water Partnerships Company successfully achieved financial close for
Jeddah Airport-2 ISTP with the participation of success partners from the
relevant authorities such as the supervisory committee at the Ministry of
Environment, Water and Agriculture, developers and consultants and National
Water Company.
Jeddah Airport-2 is waste treatment plant with capacity of 500 thousand cubic
meters per day with total cost around 850 million riyals, to be built and operated
by the private sector for a period of 25 years from the date of completion of its
implementation, noting that the winning consortium of the project consists of the
Power and Water Utility Company for Jubail and Yanbu (Marafiq), Veolia and
Amwal Alkhaleej.
It is noteworthy that despite the current conditions and obstacles caused by the
Corona pandemic (Covid-19), as this pandemic has obstructed most major
projects and stopped domestic and international air traffic, the Saudi Water
Partnerships Company succeeded in closing the project at a low tariff equal to 83
halalas per cubic meter.
This project is one of the privatization initiatives under the Privatization Program,
which is one of the implementation programs of the Kingdom’s 2030 vision.
This achievement reflects the strength and efficiency of partnerships between
the public and private sectors, and we expect to see more of these projects as
part of the Kingdom’s ambitious 2030 vision in near future.
