Marafiq consortium inks $280mln Saudi sewage plant finance deal

SourceZawya
SectorIndustrial
CountrySaudi Arabia

Marafiq, a leading power and water utility company for Jubail and Yanbu, said its consortium comprising key partners -Veolia and Amwal AlKhaleejiah - has signed an agreement with Saudi Water Partnership Company (SWPC) for the financial closing of $280-million ISTP (independent sewage treatment plant) project in Jeddah.Marafiq is the lead developer in Jeddah Airport 2 ISTP and has a wealth of experience as an integrated utility service provider to major industrial cities in Saudi Arabia. Despite the Covid-19 pandemic, the consortium's partners have issued a notice to proceed with the EPC contractor as per the agreement with SWPC. Stage one, which will treat 300,000 cu m of wastewater per day, is scheduled to be commissioned on January 31, 2023. The second stage is likely to add another 200,000 cu m per day when ...read more...