ACWA Power’s Jazlah water desalination project gets commercial operation certificate   

Jazlah desalination plant is the first project to be launched by the Saudi Water Partnership Co. in the Eastern Province. (Shutterstock)
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Updated 25 April 2023
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ACWA Power’s Jazlah water desalination project gets commercial operation certificate   

RIYADH: ACWA Power’s Jazlah Water Desalination Co. has received the commercial operation certificate from its customer Saudi Water Partnership Co. for the production of 600,000 cubic meters of desalinated water per day. 

Jazlah is owned by a consortium led by ACWA Power, which holds a 40.2 percent stake, with other strategic partners -- Gulf Investment Corp. and AlBawani Water & Power Co. 

With an investment value of $650 million, the consortium is responsible for designing, constructing, commissioning, operating and maintaining the desalination plant in Jubail using the latest Reverse Osmosis Technology.  

ACWA Power said in a bourse filing that the financial impact of this project is expected to be reflected during the second quarter of 2023. 

Jazlah desalination plant is the first project to be launched by the Saudi Water Partnership Co. in the Eastern Province, as the project contains four water tanks with a capacity of 600,000 cubic meters.  

ACWA Power said the project has successfully capitalized on local content with nearly SR850 million ($227 million) injected into the national economy, indicating the rising role of the private sector in developing local content 

It added that the project contributes more effectively to achieving the development goals of the Kingdom’s Vision 2030. 

The project chose to use reverse osmosis technology as opposed to alternative thermal technology as it typically uses less energy than thermal desalination plants.  Reverse osmosis is defined as a water purification system that uses semipermeable membranes and pressure to separate salts from water. 

The 25-year water purchase agreement that the consortium signed with the Saudi Water Partnership Co. involves designing, constructing, commissioning, operating and maintaining the desalination plant as well as associated potable water storage and electrical special facilities. 

The company had awarded the engineering procurement construction part of the contract to a consortium consisting of Power China, SEPCO-III and Abengoa. 

In addition to the core desalination process of an RO, the project consists of four tanks which are enough for one day of supply. It used 13.5 km of overhead transmission line and 3.5 km of interface dispatch line. The desalination project has used a total undersea piping of 11.5 km. 


Closing Bell: Saudi main index rises to 10,894

Updated 13 January 2026
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Closing Bell: Saudi main index rises to 10,894

RIYADH: Saudi Arabia’s Tadawul All Share Index extended its upward trend for a third consecutive day this week, gaining 148.18 points, or 1.38 percent, to close at 10,893.63 on Tuesday. 

The total trading turnover of the benchmark index stood at SR6.05 billion ($1.61 billion), with 144 listed stocks advancing and 107 declining. 

The Kingdom’s parallel market Nomu also rose by 81.35 points to close at 23,668.29. 

The MSCI Tadawul Index edged up 1.71 percent to 1,460.89. 

The best-performing stock on the main market was Zahrat Al Waha for Trading Co., with its share price advancing 10 percent to SR2.75. 

Shares of CHUBB Arabia Cooperative Insurance Co. increased 8.27 percent to SR23.04, while Abdullah Saad Mohammed Abo Moati for Bookstores Co. saw its stock climb 6.17 percent to SR50.60. 

Conversely, the share price of Naseej International Trading Co. declined 9.90 percent to SR31.48. 

On the announcements front, Arabian Drilling Co. said it secured three contract extensions for land rigs with energy giant Saudi Aramco, totaling SR1.4 billion and adding 25 active rig years to its backlog. 

In a Tadawul statement, the company said one rig is currently operational, the second will begin operations by the end of January, and the third — currently suspended — is expected to resume operations in 2026. 

Since November 2025, Arabian Drilling has secured seven contract extensions amounting to SR3.4 billion, representing 55 committed rig years. 

The three contracts have durations of 10 years, 10 years, and five years, respectively.

“Securing a total of SR1.4 billion in new contracts and expanding our backlog by 25 rig-years demonstrates both the trust our clients place in us and our ability to consistently deliver quality and reliability,” said Ghassan Mirdad, CEO of Arabian Drilling, in a statement. 

Shares of Arabian Drilling Co. rose 3.15 percent to SR104.70. 

Separately, Alkhorayef Water and Power Technologies Co. said it signed a 36-month contract valued at SR43.35 million with National Water Co. to operate and maintain water networks, pumping stations, wells, reservoirs, and related facilities in Tabuk. 

In October, Alkhorayef Water and Power Technologies Co. announced it had been awarded the contract by NWC. 

In a Tadawul statement, the company said the financial impact of the deal began in the fourth quarter of 2025. 

The share price of Alkhorayef Water and Power Technologies Co. declined 0.49 percent to SR120.70.