National Water Company Signs SAR 555M Taif Contract
Taif, Saudi Arabia — The National Water Company (NWC) has signed a 15-year contract with Spain’s Aguas de Valencia to manage two wastewater treatment plants in Taif. The deal, valued at over SAR 555 million ($148 million), aims to upgrade essential infrastructure. Furthermore, it seeks to attract private sector investment to the water sector.
This initiative supports the National Water Strategy, which seeks to enhance strategic assets and ensure long-term environmental sustainability. The contract includes the rehabilitation, operation, and maintenance of two plants. These plants have a combined capacity of 147,000 cubic meters per day. NWC agreed to a tariff of SAR 0.67 ($0.18) per cubic meter.
The signing took place at NWC’s Jeddah headquarters, with CEO Dr. Fouad Al-Sheikh Mubarak and Aguas de Valencia General Manager Severino Ramos in attendance. Senior officials from both organizations also joined the event.
Major Step in Long-Term Water Program
This agreement is part of the Long-Term Operation and Maintenance (LTOM) program. This program aims to modernize 113 existing plants with a total capacity of 2.4 million cubic meters per day. The program represents a key pillar of NWC’s strategic vision, providing strong investment opportunities for both local and international partners.
NWC emphasized that the goal is not only to upgrade facilities but also to create a more competitive and resilient water sector.
Investing in Talent and Technology
Through these contracts, NWC aims to expand local employment, localize technology, and transfer operational expertise to Saudi professionals. The company sees these long-term partnerships as a foundation for building national capabilities in water management.
These efforts align with Vision 2030 by fostering sustainability and strengthening public-private collaboration. They also aim at positioning Saudi Arabia as a global model for smart water investment.
