The Saudi Water Partnership Company (SWPC) announced that it has achieved the financial close of the Jubail–Buraidah Independent Water Transmission Pipeline Project in Saudi Arabia.

With a total investment value of SAR 8.5 billion (US$2.26 billion), fully financed by the private sector, the project is being implemented by a consortium led by Al Jomaih Energy & Water Company (45%), together with Buhur for Investment Company (35%) and Nesma Company Limited (20%).

Considered one of the largest and most significant water transmission projects in the Kingdom, the initiative aims to transport potable water from the Eastern Province to the Qassim region, with the capability for reverse flow operations to ensure operational efficiency and continuous water supply throughout the year.

The project will be developed under a Build, Own, Operate, and Transfer (BOOT) model through the Stream Water Transmission Company, under a 35-year agreement starting from the commercial operation date (COD) scheduled for the first quarter of 2029.

As part of the national vision to strengthen water security, the project features a transmission capacity of 650,000 cubic meters per day, water storage capacity of 1,634,500 m3, and a pipeline length of 587 km, considering the fact that it is the first water transmission pipeline connecting two vital regions and serving more than two million beneficiaries with potable water.

The consortium emphasized that the project will achieve an operational availability of no less than 98%, enhancing the sustainability of water resources and aligning with the Kingdom’s Vision 2030 goals to improve service efficiency and promote effective partnerships with the private sector.