Metito-led consortium breaks ground on ISTP project in the KSA
Saudi Water Partnership Company awards the first ISTP project to investors under a build-own-operate-transfer (BOOT) model
A consortium led by Metito Group, which comprises Saudi Arabia’s Mowah and Egypt’s EPC contractor Orascom Construction, has broken ground on the first independent sewage treatment plant (ISTP) project in the kingdom’s Dammam West site.
The project marks the first ISTP to be awarded by the Saudi Water Partnership Company to investors under a build-own-operate-transfer (BOOT) model. It is expected to play a key role in the KSA ministry’s plans to tender similar projects to the investors in different regions across the kingdom.
The notice to proceed (NTP) has been issued – allowing contractors to mobilise and start construction on site – following the execution of relevant project and finance documents by the banking group and the consortium developing the project.
Commenting on the start of construction, Mowah chairman and chief executive officer, Sami Alrayes, said: “Contractors are commencing mobilisation and conducting site preparation, surveying, clearing, levelling, and fencing, confirming the commitment of Dammam West Company for Water in speeding the start of construction works in one of the first projects under this programme,”
The plant has a designed capacity of 350,000 cubic metres per day, as well as an initial capacity of 200,000 cubic metres per day, and will serve the western region of Dammam.
This project is in line with the kingdom’s Vision 2030 and wider initiatives approved by the Cabinet of Ministers to encourage the participation of private sector in economic development initiatives.
Commenting on the occasion, the managing director of Metito, Rami Ghandour, said: “Together with the support from the Saudi Water Partnership Company and the National Water Company, we will develop a project in world-class quality using the most efficient solutions and advanced technology that will guarantee sustainable optimised operations and service excellence.”
Ghandour added: “We will develop a working model for other similar projects in the kingdom and further afield.”