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Saudi Water Partnership Company (SWPC) has announced financial close for the Jubail-Buraydah independent water transmission pipeline (IWTP) project.

Saudi Arabia’s second IWTP project will link Jubail in the kingdom’s Eastern Province and Buraydah in the Qassim region via a 587-kilometre (km) pipeline that can transmit 650,000 cubic metres a day (cm/d) of water.

It will have a potable water storage capacity of 1.63 million cubic metres.

The project will have a total cost of SR8.5bn ($2.2bn).

A developer team comprising local companies Aljomaih Energy & Water, Nesma Company and Buhur for Investment Company was named as the preferred bidder for the contract last year.

The Aljomaih, Nesma and Buhur team had proposed to develop the project for SR3.59468 a cubic metre.

SWPC signed a contract agreement to develop and operate the Jubail-Buraydah IWTP project in May.

The project is being developed under a build-own-operate-transfer model with a 35-year concession period from the project’s commercial operation date. 

Local content is expected to reach 45% during the construction phase and 70% during operations.

Commercial operation is scheduled for the first quarter of 2029.

READ THE NOVEMBER 2025 MEED BUSINESS REVIEW – click here to view PDF

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Distributed to senior decision-makers in the region and around the world, the November 2025 edition of MEED Business Review includes: