Al Ahli Bank of Kuwait finances part of $2.5bn for Jubail 3A IWP
USD2500M
Deal Value
6000003 MW
Capacity
Al Ahli Bank of Kuwait was part of the financing consortium for the $2.5 billion Jubail 3A Independent Water Project (IWP) in Saudi Arabia. The desalination plant will have a capacity of 600,000 m3/day.
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Counterparts (5)
Developer
Gulf Investment Corporation (GIC)
Gulf Investment Corporation (GIC) is an investment company incorporated in the State of Kuwait. It is equally owned by the governments of the six member states of the Gulf Cooperation Council (GCC) and was formed to foster economic growth, economic diversification and capital markets development across the GCC region.
AlBawani Water & Power
AlBawani Water & Power is an infrastructure company based in Saudi Arabia. They focus on water and power projects in the Middle East.
Acwa
ACWA Power is a developer, investor, and operator of power generation and desalinated water plants. They focus on delivering electricity and potable water reliably and responsibly at a low cost, driving social and economic development in the communities they invest in.
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Sign up free →Timeline
Announced
Jun 20, 2024
Signed
Closed
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