| Project Detail |
The Shuqaiq station project, the independent third phase, falls under the Privatization Program, where design, construction and operation will be done by the private sector for a period of 25 years, at a rate of 100%. The plant operates according to reverse osmosis technology and is equipped with a large farm of solar panels to reduce dependence on oil.
The project has been funded by several local and international banks with a value of $ 600 million, and the list includes the National Commercial Bank, Samba Bank of Saudi Arabia, in addition to UFG Financial Group, Norwichkin Bank, Mitsui Sumitomo Banking Company from Japan, in addition to the French Credit Agricole Group.
Upon completion of the project, residents of the area will be recruited and trained to operate the plant’s facilities according to the latest international methods of management and to follow safety standards.
This project is considered among the most complex projects in terms of engineering, as it requires pumping production to a height of more than 2000 meters above sea level and the construction of many tunnels and the construction of mountains.
It is planned to merge the Al Shaqiq plant with the fourth phase, bringing the production capacity to 650,000 cubic meters of water per day. |
