Saudi Water Partnership Company (SWPC) has announced the financial close of the Ras Mohaisen Independent Water Desalination Plant Project, located in Al-Qunfudhah, Makkah Region, with a total estimated investment value of SAR 2,57 billion (US$684.8 million), fully financed by the private sector.

Developed under the Build, Own, and Operate (BOO) model, the project is being implemented by a consortium consisting of ACWA Power (45%), Haji Abdullah Alireza & Co. (HACO) (35%), and AlKifah Holding (20%), through the Ras Mohaisen First Water Desalination Company, which will undertake the development and operation of the plant.

The project is scheduled to commence initial production in 2028, delivering 100,000 cubic meters per day, and will reach full production capacity of 300,000 cubic meters per day by 2030, under a 25-year agreement from the final commercial operation date.

Ras Mohaisen is an integrated project that includes a desalination plant, 17 kilometers of overhead power transmission lines, an electrical substation (132/33 kV), and operational storage facilities, enhancing both the reliability and stability of water and electricity supply in the served regions.

Notably, the project incorporates a renewable energy field with a capacity of 30 megawatts, contributing to reducing power consumption and improving operational efficiency, in alignment with the Kingdom’s clean energy transition goals.