Established as a special purpose company to develop the Yanbu Independent Water Project, following the establishment of a consortium of Engie, Nesma Company and Mowah. The project comprises the construction and operation & maintenance of a seawater desalination plant in the city of Yanbu that includes storage facilities for two operational days. The project will supply potable water to the regions of Makkah and Madinah. The project is the first desalination water with pipeline in Saudi Arabia developed under the public-private partnership (PPP) structure. It has a capacity of 450,000 cubic meters per day and a total cost of SAR 3.3 billion.

Founded as a special-purpose company to develop Jubail 3B Independent Water Project under the public-private partnership (PPP) structure, following the establishment of a consortium of Engie, Nesma Company and Ajlan. The project comprises the construction and operation & maintenance of a reverse osmosis seawater desalination plant in the city of Jubail, with a capacity of 570,000 cubic meters per day that will serve drinking water to Riyadh and Qassim Provinces. In addition, the project also consists of potable water storage, electrical, and associated facilities. The total cost is up to SAR 2.6 billion.

Established as a company, following a consortium that includes Masdar, EDF Renewables, and Nesma Co. Ltd., to develop a 300 MW solar photovoltaic power plant in the city of Jeddah, Saudi Arabia. The project includes the construction and operation of the plant, in addition to producing and selling electrical energy. The consortium signed an agreement to purchase the resulting energy with the Saudi Energy Procurement Company for a period of 25 years. The total cost, which will be financed during the construction phase, is SAR 900 million.

Established as a special purpose company to construct the NEOM Residential Community Project 2, which will build and maintain housing units and support facilities for 5,000 residents. The project cost is Appx. SAR 1.4 billion and will span 5 phases. Upon the contract expiry in Dec. 2030, the residential complexes will be removed, and the area will be returned to Neom at its natural state.

Established as a company following a consortium that includes Masdar, EDF Energy and Nesma Co. Ltd., to operate the Dumat Al Jandal wind power plant, which is the first of its kind in the Kingdom of Saudi Arabia, and the largest in the Middle East. Located in the Al Jouf area, the plant’s production capacity is 400 MW, at a capital cost of up to SAR 1.7 billion.

Established as a special-purpose limited company to carry out the Makkah bus project operations after a Saudi and Spanish consortium (that includes Nesma Co. Ltd, Alshoula Group, Maghrabi Group and Imathia with Consultrans and TCC as Spanish partners). Awarded the design, procurement, and operation of Makkah Public Transportation Program (MPTP) buses.

Established as a special purpose company to construct the NEOM Residential Community Project 1, which will build and maintain housing units and support facilities for 10,000 residents. The project cost is appx. SAR 2 billion and will span 5 phases. Upon the contract expiry in Dec. 2030, the residential community will be removed, and the area will be returned to Neom at its natural state.