- The Juranah Independent Strategic Water Reservoir (ISWR) project in Makkah has successfully reached its financial closure.
- The project will have a strategic storage capacity of two million cubic meters and an operating tank capacity of half a million cubic meters.
- This is the first project of its kind in Saudi Arabia to involve private sector involvement and will implement the Build, Own, Operate, and Transfer (BOOT) paradigm.
Riyadh, May 28, 2024. It is with great pleasure that the Saudi Water Partnership Company (SWPC) shares the news that the Juranah Independent Strategic Water Reservoir (ISWR) project in Makkah has successfully reached its financial closure. This historic project will include a strategic storage capacity of two million cubic meters and an operating tank capacity of half a million cubic meters, thereby strengthening the system that distributes potable water supplies. According to Eng. Khaled Al-Qureshi, SWPC's Chief Executive Officer, this ISWR project is a significant milestone because it is the first project of its kind in Saudi Arabia to involve private sector involvement. This is in compliance with the National Water Strategy.
The Juranah ISWR will implement the Build, Own, Operate, and Transfer (BOOT) paradigm, with commercial operations expected to commence in the first quarter of 2027. "The project's concession will span 30 years, with direct investment from the private sector amounting to SAR 1.5 billion, guaranteeing 100% stored water availability, reducing operational costs, and enhancing local content by increasing the localization of business and human resources."The consortium that received the project includes Vision International Investment Company, Gulf Investment Corporation, and Taqa Company.
It is anticipated that this project will significantly enhance the water supply chain in Makkah, which will be of advantage to the city's residents, visitors, and pilgrims doing the Hajj and Umrah.The Juranah ISWR project extends the momentum of the Ministry of Environment, Water, and Agriculture's public-private partnership program by building on the successes of earlier independent water projects, independent water transmission pipelines, and wastewater treatment projects.
