Saudi Water Company signs 25-year water supply deal with Jeddah Economic Company

By Global Infrastructure Sherpa · Jan 1, 2025

Supply Agreement Utilities announced Jeddah, Saudi Arabia Jan 1, 2025

USD587M

Deal Value

156000 MW/GW

Capacity

construction

Stage

The Saudi Water Company signed a 2.2 billion riyal ($587 million), 25-year deal with JEC to supply 156,000 cubic metres of treated and drinking water per day.

Deal Analysis

The Saudi Water Company's 2.2 billion riyal ($587 million), 25-year water supply agreement with Jeddah Economic Company (JEC) signifies a substantial investment in water infrastructure within Saudi Arabia. This agreement commits Saudi Water Company to supplying 156,000 cubic meters of treated and drinking water daily to JEC, a real estate development company known for large-scale construction projects. The involvement of Saudi Binladin Group Company as a contractor, though details are unavailable, suggests a potentially significant role in the project's execution. This long-term commitment underscores the growing demand for reliable water resources to support ongoing and future development projects within the Kingdom. The deal is notable for its size, duration, and the involvement of key players in the Saudi Arabian market. The $587 million valuation highlights the scale of investment required to meet the increasing water demands of large-scale real estate developments. The 25-year term provides long-term revenue visibility for Saudi Water Company and ensures a stable water supply for JEC's projects. The participation of Jeddah Economic Company, known for its ambitious real estate ventures, further emphasizes the strategic importance of this water supply agreement in supporting the Kingdom's development goals.

Deal value of $587 million signifies a substantial investment in water infrastructure.
25-year agreement provides long-term revenue visibility for Saudi Water Company.
Jeddah Economic Company's involvement highlights the importance of water supply for real estate development.
Saudi Binladin Group Company's role as contractor suggests a significant contribution to project execution.

Market Context: Saudi Arabia is actively investing in its utilities sector, particularly water infrastructure, to support its growing population and ambitious development projects. Long-term supply agreements are common in the region to ensure resource availability and stability.

Source Intelligence

KEY DETAILS

The Saudi Water Company also signed a 2.2 billion-riyal ($587 million), 25-year deal with JEC to supply 156,000 cubic metres (5,500,000 cu ft)of treated and drinking water per day.

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Deal Size

The Saudi Water Company also signed a 2.2 billion-riyal ($587 million), 25-year deal with JEC to supply 156,000 cubic metres (5,500,000 cu ft)of treated and drinking water per day.

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Capacity

The Saudi Water Company also signed a 2.2 billion-riyal ($587 million), 25-year deal with JEC to supply 156,000 cubic metres (5,500,000 cu ft)of treated and drinking water per day.

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Location

Jeddah Tower is a megatall skyscraper under construction in Jeddah , Saudi Arabia.

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PPA Details

The Saudi Water Company also signed a 2.2 billion-riyal ($587 million), 25-year deal with JEC to supply 156,000 cubic metres (5,500,000 cu ft)of treated and drinking water per day.

PARTIES MENTIONED IN SOURCE

Saudi Water Company seller

"The Saudi Water Company also signed a 2.2 billion-riyal ($587 million), 25-year deal with JEC to supply 156,000 cubic metres (5,500,000 cu ft)of treated and drinking water per day."

Jeddah Economic Company buyer

"The Saudi Water Company also signed a 2.2 billion-riyal ($587 million), 25-year deal with JEC to supply 156,000 cubic metres (5,500,000 cu ft)of treated and drinking water per day."

high quality Enriched Feb 19, 2026