Groundbreaking finance deal bodes well for Saudi PPPs

The financial package supporting ACWA Power’s Shoaiba 3 desalination expansion sets a benchmark for the Kingdom’s massive water PPP ambitions. A new strategy and a surge in interest from Korean investors adds an intriguing twist to the deal.

Saudi water and power project developer ACWA Power has put pen to paper on a groundbreaking financial package that will support the construction of the Kingdom’s first major privately financed desalination plant in a decade.

The company told GWI that the deal – which includes a first-of-its-kind 100% private equity stake in a major water asset, as well as an unprecedented...

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