Leveraging Public-Private Partnerships for Lasting Solutions

Established as a special purpose company following the formation of a consortium between Engie, Nesma, and Mowah, Yanbu 4 was developed to construct and operate a seawater desalination plant in Al Rais, Al Madinah, under the public-private partnership (PPP) model. The plant has a daily capacity of 450,000 m³, a 42 km transmission pipeline, and an 11 MWp solar power facility. It supplies potable water to Makkah and Madinah, serving up to 3 million people. The project reached financial close in March 2021 and began commercial operations in May 2023 under a 25-year Water Purchase Agreement.

Established as a special purpose company to develop the Jubail 3B Independent Water Project, following a consortium of Engie, Nesma, and Al Ajlan & Bros, the project was implemented under the public-private partnership (PPP) model. It involves constructing and operating a reverse osmosis desalination plant in Jubail with a capacity of 570,000 m³ per day. The project includes a 61 MWp solar facility—the largest for a desalination plant in the Kingdom, along with transmission lines and a substation. It serves 2 million people in Riyadh and Qassim. Financial close was reached in June 2022, and the plant began operations in March 2024 under a 25-year Water Purchase Agreement.

Established as a special purpose company by a consortium of Nesma, Masdar, and EDF Renewables, the Jeddah Solar Project was developed under the public-private partnership (PPP) model to construct, finance, and operate a 300 MW solar photovoltaic power plant located south of Jeddah. The project reached the whole commercial operation in the summer of 2023 and operates under a 25-year Power Purchase Agreement with the Saudi Power Procurement Company (SPPC). It powers around 45,000 homes annually and offsets approximately 400,000 tonnes of CO₂ emissions.

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. 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 special purpose company by a consortium of Nesma, Masdar, and EDF Renewables, the Dumat Al Jandal Power Company was developed under the public-private partnership (PPP) model to build and operate the first onshore wind power plant in Saudi Arabia with a capacity of 400 MW in Al Jouf. It is the first and largest of its kind in the Kingdom. The project began commercial operations in the summer of 2022 under a 20-year power purchase agreement with the Saudi Power Procurement Company (SPPC). It supplies power to about 70,000 homes annually and offsets nearly 1 million tonnes of CO₂ emissions each year.

Established as a special-purpose company to operate the Makkah Public Transportation Program after the formation of a Saudi-Spanish consortium including Nesma Co. Ltd, Alshoula Group, Maghrabi Group, and Spanish partners Imathia, Consultrans, and TCC. The company was awarded the contract for the design, procurement, and operation of public buses in the Holy City of Makkah.

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.

Established as a special purpose company to develop the Al Henakiyah Solar PV Power Plant, following a consortium of Nesma, Masdar, and EDF Renewables, the project is being implemented under the public-private partnership (PPP) model. Located in Al Madinah Province, the 1.1 GW plant is currently under construction and is considered one of the largest projects of its kind in the region. It will operate under a 25-year Power Purchase Agreement with SPPC, supplying electricity to 190,000 homes annually and offsetting 1.8 million tonnes of CO₂ emissions, contributing to Saudi Arabia’s renewable energy targets under Vision 2030.

Established as a special purpose company to construct the NEOM Residential Community Project 1, Nesma Oxagon Village Co. Ltd was formed to build and maintain housing and facilities for 20,000 residents under the public-private partnership (PPP) model. The project includes an eight-phase construction plan, with operations continuing until December 2030 under an availability-based payment structure. Contracts were signed in October 2023, and financial close was reached in May 2024. In 2024, the project was recognized as one of the top PPP projects in the MEA region.

One of Saudi Arabia’s largest water transmission projects, delivering desalinated water from Jubail to Al-Qassim through a 587 km pipeline with a capacity of 650,000 m³/day. Developed under the BOOT model by Aljomaih Energy & Water Company, Nesma, and Buhur for Investment Company. Commercial operations are set to start in Q2 2029, with reverse pumping to enhance efficiency and support economic growth in the Al-Qassim region.