Project

Ras Mohaisen Independent Water Project

Saudi ArabiaWater Infrastructure, DesalinationReviewed 6 September 2026

BOO reverse-osmosis independent water project reaching financial close on 24 December 2025, with project agreements signed 5 February 2025. The plant is classified as under construction in year-end reporting. Staged 2028/2030 production targets remain forecasts, not verified milestones. Project company: Ras Mohaisen First Water Desalination Company, owned 45% ACWA Power / 35% HAACO / 20% AlKifah. SAR 2.074bn project financing provided by a banking consortium of Banque Saudi Fransi, Riyad Bank, Saudi Investment Bank and Standard Chartered Bank, tenor 29.5 years.

Status

Under ConstructionStatus
Procurement CompletedProcurement Status

Value

SAR 2.57 billionInvestment Value

Scale & Capacity

300000 m³/dayDesalination Capacity
600000 m³Potable Water Storage

Overview

Location
Al Qunfudhah, Makkah Region, Saudi Arabia
Delivery Model
Build-Own-Operate (BOO); project company Ras Mohaisen First Water Desalination Company (45% ACWA Power / 35% HAACO / 20% AlKifah).
Contract Term
29.5 years (financing tenor)
Scale / Scope
Reverse-osmosis desalination IWP with 300,000 m³/day capacity plus 600,000 m³ of potable-water storage. Estimated investment SAR 2.57 billion, with SAR 2.074 billion in financing disclosed (official issuer/company disclosure).

Participants & Roles

Project Company / SPV

Sponsor / Developer

Procuring Authority

Offtaker / Revenue Counterparty

Lender / Financier

EPC Contractor

Operator

Sources