On March 4, 2025, a local developer consortium consisting of Saudi Arabia's Aljomah Energy&Water, Netma Company, and Bulvar for Investment Company officially signed a national second level commercial enterprise (WYP) project agreement with Saudi business partner company (SWPC), with a total investment of 8.5 billion Saudi riyals (approximately 2.2 billion US dollars).

The project is located between Jubail and Bursyabh, with a total length of approximately 7 kilometers and a water treatment capacity of 66000 cubic meters per day. The consortium defeated competitors Vision Invest and the Taga Family Association of the United Arab Emirates (quoted 5642.14 riyals per cubic meter) with a cost plan of 3594.68 riyals per cubic meter, and successfully obtained priority development rights.

This signing marks an important progress in Saudi Arabia's water and energy infrastructure sector. The project team stated that they will leverage the advantages of localized technology to efficiently promote construction and operation, and help Saudi Arabia achieve its sustainable development goals. (This article is from the official website of Jian Dao www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website strategy column editor/Wu Juan