{"id":7487,"date":"2019-05-20T07:38:53","date_gmt":"2019-05-20T07:38:53","guid":{"rendered":"https:\/\/cms.alj3.clients.lemonhq.io\/quick-reads\/shuqaiq-3-to-achieve-financial-close-for-a-total-value-of-over-600-million-dollars\/"},"modified":"2025-12-09T08:40:29","modified_gmt":"2025-12-09T08:40:29","slug":"shuqaiq-3-to-achieve-financial-close-for-a-total-value-of-over-600-million-dollars","status":"publish","type":"quickreads","link":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/quick-reads\/shuqaiq-3-to-achieve-financial-close-for-a-total-value-of-over-600-million-dollars\/","title":{"rendered":"Shuqaiq 3 to achieve financial close for a total value of over 600 million dollars"},"content":{"rendered":"\n

Almar Water Solutions<\/a>, a leading company in the development of water infrastructure, through Abdul Latif Jameel Commercial Development C<\/a>ompany Ltd., together with Marubeni Corporation, Acciona Agua and Rawafid Alhadarah Holding Co., has achieved the financial close for the Shuqaiq 3 desalination plant for a total value of more than 600 million dollars.<\/p>\n\n\n\n

The transaction involved both Saudi national banking entities and international organizations. Saudi banking institutions included Samba and NBC, along with the participation of international players MUFG (Agent), Cr\u00e9dit Agricole, Norinchukin and SMBC, with the agreement reached just three months after the water purchase contract was signed.<\/p>\n\n\n\n

The Shuqaiq 3 desalination plant, which will be located on the Red Sea coast of Saudi Arabia, will supply drinking water to over 1.8 million people and will create approximately 700 jobs from the start of construction until commissioning of the plant. The project is programmed for completion in the fourth quarter of 2021 and will be developed under a 25-year BOO (build, own, operate) contract scheme.<\/p>\n\n\n\n

Read more: http:\/\/bit.ly\/2WTOetp<\/a><\/p>\n","protected":false},"featured_media":7489,"menu_order":0,"template":"","class_list":["post-7487","quickreads","type-quickreads","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nShuqaiq 3 Achieves Financial Close | Abdul Latif Jameel\u00ae<\/title>\n<meta name=\"description\" content=\"Almar Water Solutions, and partners, achieves financial close for the Shuqaiq 3 desalination plant for a total value of more than 600 million dollars.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shuqaiq 3 Achieves Financial Close | Abdul Latif Jameel\u00ae\" \/>\n<meta property=\"og:description\" content=\"Almar Water Solutions, and partners, achieves financial close for the Shuqaiq 3 desalination plant for a total 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