A water purchase agreement has been inked between Acwa Power and the Saudi Water Partnership Company (SWPC) for a 600,000cu/m capacity plant being developed on the Red Sea coast. The project is valued at US $676.3mn according to Acwa Power in its filing to the Saudi bourse Tadawul.
According to a statement, the 25-year agreement was signed through Rawabi Water Desalination Company, the project company partly owned by Acwa Power.
The project’s scope is said to include the development, construction, operation and ownership of a water desalination plant using reverse osmosis technology. Acwa Power will also see the building of associated infrastructure and facilities, including potable water tanks with a 1.2m cu/m capacity. 
In early February 2023, ACCIONA said the Al Khobar 2 desalination plant had ramped up to full production and, in early April 2023, Big Project Middle East said the 2023 Future of Water Summit would focus on water security in the Middle East.
The facilities, which will be located in the Western Province of the Kingdom, 180km north of Jeddah, and south of Rabigh city, are strategic to the Kingdom, as they will deliver and manage potable water services for the Western Province, it stated.
The financial impact of the contracted revenues is expected to materialise when the facilities become commercially available in 2026, the statement concluded.
In early April 2023, SEWA issued the RFP for the Hamriyah water project.
