Tamasuk

What Tamasuk does

Tamasuk is a Saudi Arabia-based diversified infrastructure developer and investor that originates, structures, finances, and operates complex public-private partnership (PPP) projects across social, utility, and digital infrastructure verticals. The company operates an integrated three-pillar platform: Development (project origination, consortium building, and PPP structuring), Investment (project financing and capital mobilization), and Operations Management delivered through TOFM (Tamasuk Operations and Facilities Management), a wholly-owned subsidiary that manages day-to-day asset performance under long-term concessions. Tamasuk is majority-owned (75%) by Al Blagha Group, a diversified Saudi conglomerate, with SEDCO Holding having acquired a 25% stake in October 2025 for approximately SAR 1 billion at a SAR 4 billion post-money valuation.

The company's project portfolio spans seven major assets: the Al Ansar Hospital (244 beds, Saudi Arabia's first healthcare PPP), two NEOM Residential Communities (NRC-5 and NRC-9, each 10,000 beds, DBFOM contracts valued at over SAR 21 billion combined), three Independent Sewage Treatment Plants in Madinah, Tabuk, and Buraydah (combined 440,000 m³/day capacity under 25-year SWPC concessions), and the 117MW Tafila Wind Farm in Jordan. Tamasuk generates revenue through development fees on project origination, equity returns from co-investment alongside financial partners and institutional investors, and long-term recurring operations and maintenance fees via TOFM. Pricing is contract-specific and not publicly disclosed; projects are won through competitive government procurement processes targeting long-term concessions of 20–25 years.

The go-to-market is enterprise field sales targeting government ministries, procurement authorities, and quasi-governmental agencies in Saudi Arabia, Jordan, and the UAE, with a pipeline that includes the Dubai Strategic Sewerage Tunnels Package W, the Aseer-Jazan Highway, and the New Taif International Airport. The company partners with EPC contractors and financial institutions in consortium structures, and its senior leadership is drawn from HSBC, ACWA Power, Enviromena, and MENA Infrastructure Fund. The operating footprint includes headquarters in Riyadh, regional offices in Dubai and Amman, and operations support offices in Madinah and Tabuk.

Name

Tamasuk

Legal name

Tamasuk Holding Company

Website

https://tamasuk.com.sa

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Tamasuk is a Saudi Arabia-based infrastructure developer and investor that originates, finances, and operates public-private partnership projects across healthcare, utilities, social housing, and renewable energy for government clients in the MENA region.

Ownership category

akta.pro rank

Product category

Infrastructure Development and Investment (PPP)

NAICS

Electric Power Generation, Transmission and Distribution (2211), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Services-Facilities Support Management Services (8744), Sanitary Services (4950), Services-Engineering, Accounting, Research, Management (8700), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Real Assets — Social Infrastructure / PPP (Schools, Hospitals, Government Facilities) (FSAHAIAH)

akta.pro secondary industries

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL), Infrastructure & Public Works (Transport, Social, PPP) (FSABACAI)

Keywords

• Infrastructure development
• Public-private partnerships
• Project finance
• Facilities management
• Infrastructure investment

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Infrastructure Development: Fees and returns generated from developing and delivering complex infrastructure projects across diversified sectors including social, utility, and digital infrastructure. Revenue derived from development fees, equity returns, and project margins.
2. Investment Returns: Returns from equity investments in infrastructure assets, including co-investment alongside financial partners and institutional investors in PPP projects.
3. Operations Management: Long-term operations and maintenance fees through TOFM (Tamasuk Operations and Facilities Management) subsidiary, managing asset performance under concession agreements for hospitals, residential communities, and utility plants.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Tamasuk is a diversified infrastructure developer and investor that develops, finances, and delivers complex infrastructure projects through Public-Private Partnership (PPP) frameworks across social, utility, and digital infrastructure sectors in Saudi Arabia and the MENA region. The company operates three integrated service lines: Development (project origination, consortium building, and PPP structuring from bidding through financial close), Investment (project financing and capital mobilization from institutional co-investors), and Operations Management through its wholly-owned TOFM subsidiary (long-term asset performance and facilities management under concession agreements).

Product overview

Tamasuk is a diversified infrastructure developer and investor operating as a unified platform combining three core services: Development (project origination, consortium building, and PPP structuring), Investment (project financing and capital mobilization), and Operations Management via TOFM (Tamasuk Operations and Facilities Management) for long-term asset performance. The company's project portfolio includes healthcare infrastructure (Al Ansar Hospital), social housing (NEOM Residential Communities NRC-5 and NRC-9), utility projects (ISTP sewage treatment plants in Madinah, Tabuk, and Buraydah), and renewable energy (Tafila Wind Farm in Jordan). The TOFM subsidiary provides in-house facilities management and operations services across the project portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Services Infrastructure project development services encompassing consortium building, project structuring, and PPP development and financing processes to deliver complex infrastructure from bidding through financial close, targeting government and institutional clients.
• Investment Services Project financing and investment structuring services including bankability assessments, investor engagement, due diligence, and capital mobilization from financial close through delivery, targeting government partners and institutional investors.
• TOFM Operations and Facilities Management In-house operations management platform overseeing day-to-day asset performance, service delivery coordination, and regulatory compliance for infrastructure assets under long-term concession agreements across healthcare, social infrastructure, and utilities sectors.
• Al Ansar Hospital A 244-bed emergency hospital developed through Saudi Arabia's first Public-Private Partnership in healthcare in Madinah, serving pilgrims and residents, developed, financed, and operated by the Tamasuk-Alghanim consortium under a 20-year agreement with the Ministry of Health.
• NEOM Residential Community 5 (NRC-5) A 10,000-bed residential community developed under DBFOM contract providing self-contained power, water, utilities, housing, medical, recreational and retail facilities for NEOM workforce, delivered by Optimal Development Company joint venture with Al Majal Al Arabi.
• NEOM Residential Community 9 (NRC-9) A 10,000-bed residential community developed under DBFOM contract providing self-sustaining village facilities for NEOM employees, contractors, and FM teams, delivered by Future Cities One Company joint venture with SATCO.
• Independent Sewage Treatment Plant (ISTP) - Madinah A 200,000 m³/day sewage treatment plant commissioned under a 25-year agreement with Saudi Water Partnership Company (SWPC), supplying treated water for municipal irrigation and landscaping, developed with Acciona Agua and Tawzea.
• Independent Sewage Treatment Plant (ISTP) - Tabuk A 90,000 m³/day sewage treatment plant developed with local and international partners, built for efficiency and reuse aligned with Saudi Irrigation Organization's strategy, serving Tabuk region under 25-year concession with SWPC.
• Independent Sewage Treatment Plant (ISTP) - Buraydah A 150,000 m³/day wastewater plant developed under a 25-year BOOT contract in Al-Qassim region, advancing circular water use with long-term operations and maintenance strategies, serving SWPC's national reuse targets.
• Tafila Wind Farm A 117MW wind farm in Jordan connected to the national grid, generating approximately 350GWh of clean energy annually, powering 83,000 homes and offsetting 235,000 tonnes of carbon emissions per year, co-invested with Masdar and TAEF.

Quantifiable outcome

• 200,000 m³/day wastewater treatment capacity in Madinah ISTP
• +3 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and flagship.

• Alghanim InternationalcoreStrategic or Co-development PartnerConsortium partner for Al Ansar Hospital PPP project in Madinah. Tamasuk acts as Managing Member with Alghanim for Saudi Arabia's first healthcare PPP, including development, construction, financing, and long-term operations.
• Al Majal Al ArabicoreStrategic or Co-development PartnerJoint venture partner for Optimal Development Company delivering NRC-5 residential community for NEOM under DBFOM contract. Al Majal collaboration enables workforce housing delivery for NEOM's giga-project.
• Saudi Arabian Trading and Construction Company (SATCO)coreStrategic or Co-development PartnerJoint venture partner for Future Cities One Company delivering NRC-9 residential community for NEOM. Partnership provides design, build, finance, operate, maintain capabilities for large-scale workforce housing.
• Etihad Water & ElectricityflagshipStrategic or Co-development PartnerConsortium lead for Dubai Strategic Sewerage Tunnels project Package W (AED80 billion/$22 billion project), a major PPP involving deep sewer tunnel construction with estimated $3 billion capital expenditure.
• Alkhorayef Water & PowerflagshipStrategic or Co-development PartnerConsortium partner for Dubai Strategic Sewerage Tunnels project Package W, collaborating on one of the largest sewer tunnel PPPs in the Middle East.
• Bangalore International Airport Limited (BIAL)coreStrategic or Co-development PartnerConsortium partner for New Taif International Airport project ($800 million BTO PPP). Prequalified by MATARAT Holding and NCP to bid for airport development under Saudi Arabia's PPP framework.
• Acciona AguacoreStrategic or Co-development PartnerTechnology and delivery partner for three ISTP projects (Madinah, Tabuk, Buraydah) with combined capacity of 440,000 m³/day. Partnership focuses on wastewater treatment technology and operations.
• TawzeacoreStrategic or Co-development PartnerLocal partner for ISTP projects in Saudi Arabia, collaborating on wastewater treatment plant development and long-term operations under 25-year concession agreements.
• Ministry of Health (MOH) Saudi ArabiacoreOthersGovernment client for Al Ansar Hospital PPP project. 20-year project agreement for development, construction, financing, and maintenance of 244-bed emergency hospital in Madinah.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ACWA Power: Saudi-based developer, investor, and operator of power generation and desalinated water plants, with an expanding portfolio of PPP and concession-based infrastructure assets. Highly comparable in business model, regional focus, and PPP/concession frameworks, but operates at significantly larger scale and is publicly listed.
• Masdar: Abu Dhabi-based clean energy developer and investor with significant MENA wind, solar, and hydrogen projects as well as PPP-adjacent infrastructure. Directly comparable to Tamasuk's role as a co-investor and operator in the Tafila Wind Farm and similar regional renewables assets.
• Vantage Infrastructure Partners: ADGM-based infrastructure investment manager focused on middle-market infrastructure and PPP opportunities across MENA. Directly comparable as a regional PPP developer-investor with overlapping project pipelines and consortium-building model.
• Alfanar Group: Saudi conglomerate with EPC and project development operations across power, water, and social infrastructure including PPP frameworks. Comparable in geographic focus, PPP project execution model, and customer base, though larger and more diversified into manufacturing.
• Elsewedy Electric: Egypt-based infrastructure and energy solutions provider with PPP and EPC operations across MENA and Africa. Comparable in delivery model and regional PPP exposure, with overlapping water, power, and social infrastructure project types.
• Waha Capital: Abu Dhabi-listed investment company with infrastructure and private credit exposure across MENA. Comparable as a regional institutional investor that co-invests in infrastructure assets and PPP projects alongside development partners.

Broad incumbents

• ENGIE: Global utility and infrastructure developer with active MENA operations across power, water, and city-scale PPPs. Comparable infrastructure PPP focus but operates as a broad incumbent at a much larger scale with broader geographic diversification.
• Abu Dhabi National Energy Company (TAQA): UAE-headquartered utility and energy developer with power generation, transmission, and water infrastructure assets across MENA. Comparable in regional PPP/utility investment model, though operates as a broader incumbent across multiple utility sub-sectors.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TamasukCo

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tamasuk