Riyadh – Head of Privatization at the Saline Water Conversion Corporation (SWCC), Ahmad Mohammad Al-Amro, said that seven regional and global companies and strategic consortia have been qualified to compete in the Ras AlKhair plant privatisation.
In an interview with Al Arabiya, Al-Amro emphasised the readiness of financing entities to collaborate with these consortia, highlighting that the competition will be offered within the upcoming days and that SWCC will receive bids in the second quarter (Q2) of 2021.
Moreover, he noted that SWCC is one of the most important governmental sectors in the water field and the world’s largest desalinated water producer.
Ras AlKhair plant was chosen as the first production group for privatisation as part of SWCC’s privatisation works of production assets in an effort to diversify revenue sources and reduce dependency on oil.
The plant houses one of the world’s biggest desalination plants with a capacity of 1.05 million cubic metres a day and a 2.65GW power plant. It began operations since 2014 and is set to produce 1.025 billion cubic meters of desalinated water per day when it works at full capacity to supply Riyadh and other regions.
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