The Saudi Water Partnerships Company (SWPC) in Saudi Arabia and the Consortium of Cobra and Tawzea companies announced the achievement of the financial closure of the sewage treatment plant project in Taif.

The consortium of the Spanish company Cobra and the International Water Distribution Company (Tawzea) will develop and finance the wastewater treatment plant and provide engineering, procurement, construction, implementation, ownership, operation and maintenance services, and then transfer the ownership (BOOT) to the Saudi Water Partnerships Company.

The financing of this project, with a total cost of about SAR 320 million (US$ 85 million), was funded by a local bank, as the consortium succeeded in close cooperation with the Saudi Water Partnerships Company to reach the financial closure stage, and the consortium succeeded in establishing a Saudi company to serve the project. It is the Taif Independent Water Plant Company, which will manage and operate the plant after construction for a period of 25 years within an exemplary framework for a public-private partnership that reflects the Kingdom’s 2030 vision in the context of privatizing infrastructure projects.