The consortium of Mowah Company CJSC holding (“Mowah”), Al Bawani Company Limited (“Al Bawani”) and Lamar Investment Holding Company Limited (“Lamar”) is pleased to announce the successful financial close for the Jafurah greenfield seawater reverse osmosis desalination plant and water distribution system project.
The project consists of a greenfield seawater reverse osmosis plant with a capacity of approximately 80,000 m3/day and the associated transmission system (200 km) and electrical interconnection facilities in the Eastern Province in the Kingdom of Saudi Arabia. The project has a total cost of approximately $750 million.
In July 2023, the special purpose project company (future technology for water desalination company owned by Mowah 51%, Al Bawani 39% and Lamar 10%) and Aramco entered into a Water Purchase Agreement (WPA) to operate the facilities on a build-own-operate-transfer (BOOT) basis for 20 years, with commercial operations starting in October 2025.
Mowah’s CEO, Eng. Sami Al Rayes, said: “Mowah is excited to partner with Aramco on this significant project. We are proud to lead the development and execution of the project and look forward to harnessing Mowah’s extensive expertise in water infrastructure development and operations to bring the project to fruition.”
Mowah’s Senior Vice President, Faisal Al Rayes, said: “Mowah, in partnership with Al Bawani and Lamar, is honored to have landed this project with Aramco. It is an integral part of Mowah’s long-term growth strategy, and we are fully committed to executing it using the strong capabilities of our teams and contractors.”