Acciona, a leading supplier of sustainable infrastructure solutions and renewable energy projects, has secured a €500 million ($572 million) contract from Saudi government to finance, design and build the new Shuqaiq 3 desalination plant and operate and maintain it for 25 years.

The project was awarded by Water and Electricity Company (WEC), the state-owned company in charge of desalination and water treatment projects, to the Acciona consortium which comprises partners Marubeni Corporation, Abdul Latif Jameel-CDC and Rawafid Alhadarah Holding Company, said a statement from Acciona.