Project
Rayis–Rabigh Independent Water Transmission Pipeline
Saudi ArabiaWater Infrastructure, Bulk Water Infrastructure, Strategic Water Infrastructure
A 35-year BOT/BOOT independent water transmission PPP entering the final stages of construction as of 13 February 2026, following project agreements dated 13 September 2023 and financial close on 24 March 2024. A planned Q2 2026 substantial-completion date was a contractual target, not verified actual commercial operation. Consortium: Cobra Instalaciones y Servicios, S.A. (Spain) + Alkhorayef Water and Power Technologies (AWPT, Saudi Arabia), AWPT holding 50%. Per Saudi Exchange (Tadawul) issuer disclosure, this is the first BOT contract of this specific type in the Kingdom.
Status
Near CompletionStatus
Procurement CompletedProcurement Status
Value
SAR 7.782 billionContract Value
Scale & Capacity
150 kmPipeline Length (approximate)
500000 m³/dayTransmission Capacity
Overview
- Location
- Rayis–Rabigh, Madinah and Makkah Regions, Saudi Arabia
- Delivery Model
- BOT (Build-Operate-Transfer), 35-year contract.
- Contract Term
- 35 years
- Scale / Scope
- Approximately 150 km bidirectional water transmission pipeline with a capacity of 500,000 m³/day, associated reservoirs and a renewable-energy component. Contract value SAR 7.782 billion per official issuer disclosure.
Participants & Roles
Project Company / SPV
- Innovative Water Transport DevelopmentName subject to final corporate-name confirmation per V1.1.
Sponsor / Developer
Procuring Authority
Offtaker / Revenue Counterparty
Sources
- Saudi Exchange — issuer announcementOfficial / Government
- SharakatOfficial / Government
- Tedagua — project updateProject Company / Sponsor