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Saudi firm awards wastewater contract to India's VA Tech Wabag

Marafiq's SWTP-9 plant will be expanded by the Indian-listed firm through the $133m deal

Saudi Arabia's SWTP-9 in Jubail is to be expanded through a new contract [representational image].
Saudi Arabia's SWTP-9 in Jubail is to be expanded through a new contract [representational image].
The CEOs of Saudi Arabia's Marafiq and India's VA Tech Wabag signed the Jubail plant's expansion contract.
The CEOs of Saudi Arabia's Marafiq and India's VA Tech Wabag signed the Jubail plant's expansion contract.

Marafiq, a Saudi Arabian company that counts Saudi Aramco and Public Investment Fund (PIF) among its owners, has awarded a $133.3m (SAR500m) contract to an Indian-listed water company for the expansion of its sanitary wastewater treatment plant (SWTP-9) in Jubail.

President and chief executive officer (CEO) of Marafiq, Abdullah Al-Buainain, signed the contract with the CEO of Chennai-headquartered VA Tech Wabag, Deep Raj Saxena. Wabag’s share price on the National Stock Exchange rose by almost 9% following the announcement of its latest Middle East order.

READ: Dubai-led company to build India government project for $78m

The contract will see SWTP-9 expanded to have a capacity of 200,000m3 per day, and the project will be designed and built to treat incoming sanitary wastewater from Jubail and its Industrial City. The deal covers Stage 6 of the expansion project, and will comprise a standalone facility designed and built for sanitary wastewater treatment.

Commenting on the contract, Al-Buainain said: “Marafiq is confident in providing world-class utility facilities to the new-wave of growth for the Saudi Vision 2030 industrial ventures.”

VA Tech Wabag’s Saxena added: “We are extremely honoured to have been awarded the contract to expand SWTP-9 Stage 6 under the leadership of Marafiq.

READ: Saudi Arabia has 5,000 construction projects worth $820bn

“We are confident that we will be capable to execute the project and meet Marafiq’s expectations.”

Marafiq was established through a Royal Decree almost two decades ago, on 18 October 2000. Its four major shareholders include Royal Commission for Jubail and Yanbu; Saudi Basic Industries Corporation, also known as Sabic; PIF, and Saudi Aramco. The company commenced operations as a private utility company on 1 January 2003 with $667m (SAR2.5bn) in initial owner equity.

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