SWPC Rebrands as Sharakat to Reinforce PPP Focus

Why It Matters

The rebrand signals Saudi Arabia’s accelerated push to mobilise private capital for critical water infrastructure, opening a sizable market for global investors.

Key Takeaways

• SWPC renamed Sharakat to highlight PPP mandate.
• Saudi targets $64 bn private water investments by 2030.
• Sharakat oversees SR 56 bn ($14.9 bn) water project portfolio.
• $11 bn PPP pipeline includes Riyadh–Qassim water transmission.
• New $150 m Riyadh East sewage RFP deadline 2 April.

Pulse Analysis

Saudi Arabia’s renewed emphasis on public‑private partnerships is reshaping its water sector, and the Sharakat rebrand serves as a public declaration of that shift. By adopting a name that translates to “partnership,” the entity signals its intent to act as a conduit for private investors, aligning with the government’s National Privatisation Strategy that targets over 220 PPP contracts and $64 bn in private capital by 2030. This strategic branding move also differentiates Sharakat from legacy state‑run utilities, positioning it as a modern, investor‑friendly off‑taker.

The scale of Sharakat’s current commitments underscores the magnitude of the opportunity. Its existing project portfolio, valued at SR 56 bn ($14.9 bn), spans desalination, transmission, and wastewater treatment, while an additional $11 bn of PPP projects sit in the pipeline. Notable contracts include the 859‑km Riyadh‑Qassim Independent Water Transmission Pipeline and the Arana Independent Sewage Treatment Plant, both slated for financial close in 2026. The recent RFP for a $150 m Riyadh East sewage plant, with a 2 April deadline, further illustrates the rapid pace of project development.

For investors, Sharakat’s transformation offers a clearer entry point into Saudi Arabia’s water infrastructure market. The government’s commitment to lowering entry barriers and accelerating execution reduces traditional risk factors associated with large‑scale PPPs. As the kingdom diversifies its economy under Vision 2030, water projects become critical enablers for industrial growth and urbanisation, making Sharakat’s pipeline an attractive avenue for long‑term, stable returns. Stakeholders should monitor upcoming bid outcomes and policy refinements, which will shape the competitive landscape and capital allocation in the region’s burgeoning water sector.

SWPC rebrands as Sharakat to reinforce PPP focus

13 February 2026 · By Mark Dowdall

The new identity comes as Saudi Arabia expands the use of PPPs to deliver infrastructure projects.

Saudi Water Partnership Company (SWPC) has unveiled a new corporate identity as part of a strategy to reinforce the role of public‑private partnerships (PPPs).

At a ceremony in Riyadh, the company said it will operate under the name Sharakat, reflecting its “evolution and expanding mandate in the kingdom’s water sector.”

The new identity comes as Saudi Arabia expands the use of PPPs to deliver infrastructure projects.

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In January, the government launched a National Privatisation Strategy targeting more than 220 PPP contracts by 2030, including projects in the water sector.

The government is targeting over $64 bn (SR 240 bn) in private‑capital investments in this period, which it said would be “a new phase focused on execution and accelerating delivery.”

Previously, the 2018 Privatisation Program had focused on the “foundational phase.”

SWPC has had the role of principal off‑taker of all water in Saudi Arabia since 2017. Its mandate covers desalinated water, transmission and treatment projects. It also includes small‑scale plants, collection networks and strategic water reservoirs.

The total investment value of its current projects exceeds SR 56 bn ($14.9 bn), the offtaker said.

According to MEED Projects, SWPC has over $11 bn worth of PPP projects in the pipeline, with two projects ($2.10 bn) currently under bid evaluation.

In December, local firm Vision Invest was named as the preferred bidder to develop and operate the 859 km Riyadh–Qassim Independent Water Transmission Pipeline (IWTP) project.

The consortium of Miahona (Saudi Arabia), Marafiq Company and Buhur for Investment was also named as preferred bidder for the Arana Independent Sewage Treatment Plant (ISTP).

Financial close for both projects is expected in 2026.

Meanwhile, SWPC has issued a Request for Proposals (RFP) for the $150 m Riyadh East ISTP, which will have a treatment capacity of 200,000 m³/day, expandable to 400,000 m³/day in the second phase.

The bid submission deadline is 2 April.