Meed | Saudi Arabia picks Ras Mohaisen preferred bidder

Saudi Arabia picks Ras Mohaisen preferred bidder

18 October 2024

A team comprising the local firms Acwa Power, Haji Abdullah Alireza & Partners Company and AlKifah Holding has emerged as the preferred bidder for a contract to develop the Ras Mohaisen independent water project (IWP) in Saudi Arabia.

The state water offtaker received two bids for the contract in April this year.

The only other company that submitted a proposal for the contract, Spain’s Acciona, is the reserved bidder, according to Saudi Water Partnership Company (SWPC).

The Ras Mohaisen IWP will have the capacity to treat 300,000 cubic metres of seawater a day (cm/d) using reverse osmosis technology.

It will also include storage tanks with a capacity of 600,000 cubic metres, equivalent to two operating days, and an electrical substation.

The project is expected to reach commercial operation by the second quarter of 2028.

It is initially expected that the SWRO plant will reach commercial operation by the third quarter of 2026.

Ras Mohaisen is about 300 kilometres south of Mecca, on the Red Sea coast in Saudi Arabia’s Western Region.

SWPC has appointed Netherlands-headquartered KPMG as the financial adviser, with UK-based Eversheds Sutherland acting as the legal adviser for the project.

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Jennifer Aguinaldo