The 3rd Awards Ceremony for the Prince Sultan Bin Abdulaziz International Prize for Water was held in Riyadh, Saudi Arabia at the King Fahd Cultural Centre on 16 November 2008 in conjunction with the 1st Arab Water Forum which was hosted by PSIPW.

The ceremony was officiated by the PSIPW's founder, Crown Prince Sultan Bin Abdulaziz Al Saud. It was attended by Prince Willem-Alexander, Crown Prince of the Netherlands, Prince of Orange and Chairman of the Advisory Commission of United Nations Secretary General for Water and Sanitation Affairs.