Jazlah Water Desalination Co. secures a commercial operation certificate for the production of 600,000 cubic metres of water using the latest reverse osmosis technology.
Jazlah, owned by a consortium led by ACWA Power with strategic partners Gulf Investment Corp. and Al Bawani Water & Power Co., has an investment value of $650 million and is responsible for designing, constructing, commissioning, operating, and maintaining the desalination plant in Jubail using the latest Reverse Osmosis Technology.
The consortium is led by ACWA Power and its strategic partners, Gulf Investment Corporation (GIC) and Al Bawani Water & Power Company (Albawani).
The project's financial effects are expected to show up in the second quarter of 2023.
The project has contributed nearly SR850 million ($227 million) to the national economy, indicating the growing role of the private sector in developing local content.