Shuqaiq 3 to achieve financial close for a total value of over 600 million dollars

  • The agreement was reached just three months after the signing of the water purchase contract.
  • The plant will be one of the largest reverse osmosis desalination plants in the world, with a production capacity of 450,000 cubic meters per day.

Riyadh, Saudi Arabia – 17th May 2019

Almar Water Solutions, a leading company in the development of water infrastructure, through Abdul Latif Jameel Commercial Development Company Ltd., together with Marubeni Corporation, Acciona Agua and Rawafid Alhadarah Holding Co., has achieved the financial close for the Shuqaiq 3 desalination plant for a total value of more than 600 million dollars.

The transaction involved both Saudi national banking entities and international organizations. Saudi banking institutions included Samba and NBC, along with the participation of international players MUFG (Agent), Crédit Agricole, Norinchukin and SMBC, with the agreement reached just three months after the water purchase contract was signed.

The Shuqaiq 3 desalination plant, which will be located on the Red Sea coast of Saudi Arabia, will supply drinking water to over 1.8 million people and will create approximately 700 jobs from the start of construction until commissioning of the plant. The project is programmed for completion in the fourth quarter of 2021 and will be developed under a 25-year BOO (build, own, operate) contract scheme.

According to the World Water Development Report 2019, the Middle East is the region of the world with the most severe water scarcity. While the average water availability worldwide is 7,453 m3 per person and year, in the Middle East there is only 736 m3 per person and year, according to the latest available figures from AQUASTAT (n.d.). Water shortage per capita has been increasing and is expected to rise in the future due to population growth and climate change. This trend has also contributed to the over-exploitation of groundwater and the loss of arable land for agriculture.

The Shuqaiq 3 desalination plant will help mitigate the shortage suffered by the inhabitants of the southwestern region of Saudi Arabia, providing a new source of drinking water for both domestic and urban use.

Recently, Almar Water Solutions created a joint venture with Hassan Allam Utilities (HAU), the public service and investment unit of the leading regional construction and engineering group Hassan Allam Holding (HAH). The purpose is to develop water projects in Egypt and thus continue contributing to the increase and upgrade of water infrastructure in the countries of the Middle East.

Just this week, Almar Water Solutions announced the acquisition in Bahrain of the Muharraq STP Company BSC (“MSC”) sewage treatment plant with a capacity of 100,000 cubic meters per day, enhancing its references and collaborating on the improvement of sustainability in the Middle East region.


About Almar Water Solutions

Almar Water Solutions is a company specializing in the development, promotion, financing, design and operation of water infrastructure. Its team of professionals, with over two decades of experience in 25 countries leading major water infrastructure projects, works tirelessly to develop integral solutions that meet growing needs for water in the municipal and industrial sectors. For further information, visit

About Abdul Latif Jameel

Abdul Latif Jameel refers broadly to distinct separate and independent legal entities whose interests encompass automotive distribution, auto parts manufacturing, financial services, renewable energy, environmental services, land and real estate development, logistics, electronics retailing and media services. Abdul Latif Jameel positions itself as a preferred business partner primarily for inward investment into the Middle East, North Africa and Turkey (MENAT) region. For further information, visit


 For further information

 C/ María de Molina, 39 – 6th Floor

28006 – Madrid, Spain

T: +34 917 026 712




Almar Water Solutions participates in the ALADYR International Congress

Almar Water Solutions took part as both a sponsor and speaker in the ALADYR International Conference held from 9 to 11 October in Santiago de Chile, Chile. With the slogan “Water to Latin America”, the event brought together more than 450 people and 150 companies, all experts in desalination, reuse and water and effluent treatment.

Carlos Cosín, the CEO of Almar Water Solutions, led the plenary session “International Desalination and Reuse Forum. A sustainable future”, where the leaders in the industry debated the state of these technologies, their regulation and the most notable projects. Carlos emphasized that Latin America has been focusing for years on desalination and reuse for the production processes of different industrial sectors such as mining, but that these unconventional water sources are now increasingly being applied for municipal uses.

Almar Water Solutions also officially sponsored the event with a very interesting activity: the distribution of USB drives to those in attendance with the corporate information on the company and its parent company, Abdul Latif Jameel. Almar Water Solutions currently has an office in Santiago de Chile to respond to water challenges in Latin America in both the municipal and industrial sectors.

ALADYR is a private non-profit organization whose purpose is to foster actions and initiatives that promote water reuse, treatment and desalination as pertinent options for sustainable and environmentally-friendly use of this resource. Under this premise, the events at ALADYR are aimed at professional training, updating content, spreading knowledge and experiences through technical presentations. Almar Water Solutions supports initiatives such as this one from ALADYR to promote the use of sustainable water technologies that improve the quality of life for citizens and promote economic development.

Almar Water Solutions pre-qualified for the Rabigh desalination project in Saudi Arabia

Almar Water Solutions, through its parent company Abdul Latif Jameel, has been pre-qualified for one of the world’s largest desalination project. The Saudi company Water and Electricity Co. (WEC) has notified that the Company has been pre-qualified for a new reverse osmosis desalination project in the Rabigh zone, to the north of Jeddah. The plant, which will be developed under a DBO model (design, build, and operate and maintain), will supply 600,000 m3/day of drinking water with the possibility of expanding in the future to 1.2 million m3/day, making it one of the largest reverse osmosis membrane developments in the world.

Almar Water Solutions has been pre-qualified for the Rabigh 3 desalination project along with the international companies Marubeni, Acciona Agua and Rawafid Holding. The winning Consortium of the 25-year contract will sell drinking water to WEC under a water purchase agreement, which will be backed by the government of the Kingdom of Saudi Arabia.

With one of the world’s most rapidly growing populations, the water sector in Saudi Arabia is under pressure to increase the drinking water capacity to respond to the demand. This new project guarantees a secure source of drinking water for both citizens and for other urban uses, helping to alleviate the serious shortages suffered in the area.

In addition to this new project, Almar Water Solutions is currently pre-qualified for two other desalination projects in other countries. The first, in Mombasa, Kenya, with a total capacity of 100,000 m3/day for the West Mainland zone, another with a capacity of 100,000 m3/day for the North Mainland zone. The second project is located in the United Arab Emirates, with a capacity of 205,000 m3/day, through the Federal Electricity and Water Authority (FEWA).

This new achievement represents a very important challenge for Almar Water Solutions, which in its first year has already been pre-qualified for the development of several water infrastructures projects in the Middle East and Africa.

Almar Water Solutions attends the 12th edition of the Gulf Water Conference organized by the WSTA in Manama, Bahrain

Yesterday, Almar Water Solutions was present at the 12th edition of the Gulf Water Conference, organized by the Water Sciences and Technology Association (WSTA) in Manama, Bahrain. Addressing the topic of sustainable water management in the GCC countries, the conference focuses on the creation of integrated, comprehensive water strategies to tackle water challenges.

Almar Water Solutions participates as a sponsor of the Saudi Water & Environment Forum in Riyadh, Saudi Arabia

The Saudi Water & Environment Forum (SWEF), Saudi Arabia’s largest meeting of leading experts and companies in the water and environmental industries, was held from 12 to 14 February. Almar Water Solutions, a specialized company with extensive experience and technical capabilities in the development, promotion, financing, design, engineering and operation of water infrastructure, participated as a sponsor and moderated a panel discussion on Tuesday morning.