• A consortium comprising Abu Dhabi National Energy Company (Taqa), Vision Invest, and the Gulf Investment Corporation (GIC) has secured a Dh1.5 billion ($408 million) contract for the development of the Juranah Independent Strategic Water Reservoir Project (ISWR-1) in Saudi Arabia's Makkah region. The project, responsible for emergency municipal water demand across the kingdom and peak demand during Hajj season in Makkah and Madinah, will be operated for 30 years before ownership transfer to the Saudi Water Partnership Company. Taqa will lead operations, with a 35% share in the project and a 50% stake in the operations entity.

• The Juranah ISWR-1 project, a pioneering initiative in Saudi Arabia involving private sector participation, aligns with Taqa's commitment to sustainable development and innovation. The project includes solar energy units, contributing to reduced electricity consumption. As part of Saudi Arabia's National Water Strategy 2030, the country has allocated over $80 billion for various projects to enhance water sector sustainability and efficiency, reflecting its economic diversification goals. GIC, a key participant in this project, reinforces its role in promoting private sector engagement for GCC economic development. This achievement marks a significant milestone in GIC's commitment to infrastructure investments, and it plans to maintain a pivotal role in utilities projects across the GCC.