The strategic project of Joraneh reservoir in Makkah has been completed

According to Amac News: This consortium, together with Vision Invest and GIC, has successfully completed all financing arrangements for this groundbreaking project.
The financial close of Juranah ISWR-1 follows the signing by TAQA, Vision Invest, and the GIC consortium of the respective project agreements with the Saudi Water Partnership Company (SWPC), which took place on December 31, 2023.
The project, worth around Dh1.5 billion, was financed through approximately 82% debt financing from local and international banks, including Alinma Bank, Banque Saudi Fransi (BSF), Saudi Arabian Investment Bank (SAIB) and Commercial Bank of Dubai. provided
TAQA holds a 35% stake in the project company and a 50% stake in the operation and maintenance (O&M) company led by TAQA itself.
The Juranah ISWR-1 project is critical in addressing the emergency urban water demand across the Kingdom, particularly in the Makkah and Madinah areas during the Hajj season.
With a total storage capacity of 2 million cubic meters, which was developed under the Build, Own, Operate and Transfer (BOOT) scheme, and operational reservoirs with a capacity of another 500,000 cubic meters under the Design, Build, Transfer (DBT) model, the aim of this The project is to strengthen the drinking water transmission and distribution system.