Marafiq, Austrian Company Sign Deal to Expand Wastewater Treatment Plant in Jubail

Marafiq, Austrian Company Sign Deal to Expand Wastewater Treatment Plant in Jubail
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Marafiq, Austrian Company Sign Deal to Expand Wastewater Treatment Plant in Jubail

Marafiq, Austrian Company Sign Deal to Expand Wastewater Treatment Plant in Jubail

Marafiq, Power and Water Utility Company for Jubail and Yanbu announced Wednesday the signing of a deal, worth half a billion riyals, with an Austrian company to expand wastewater treatment plant in eastern Saudi Arabia.

In a statement obtained by Asharq Al-Awsat, Marafiq said its President and CEO Abdullah al-Buainain signed the contract with VA TECH WABAG GmbH Company to expand the ninth Sanitary Wastewater Treatment Plant in Jubail.

"This step reflects the company's commitment to its ambitious plans to expand its Sanitary Wastewater Treatment Plant (SWTP-9) and keep up with the population growth in Jubail and its industrial city," the company said.

The expansion of the plant includes independent treatment work to be designed and constructed to treat sewage and solid waste removal.

The plant will use basic processing techniques to remove grease and solid objects.

“Marafiq is confident in providing world-class utility facilities to the new wave of growth for the Saudi Vision 2030 industrial ventures,” stressed Buainain.

“We are extremely honored to have been awarded the contract to expand SWTP-9 Stage six under the leadership of Marafiq,” said CEO of VA TECH WABAG GmbH Deep Raj Saxena.

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

Marafiq is owned by a number of Saudi economic sectors, including Aramco, the Royal Commission for Jubail and Yanbu, SABIC, the Public Investment Fund and private sector investors.

It was founded on January 1, 2003, with shares worth SAR 2.5 billion.



Saudia to Partially Resume Flights To, From Dubai, Abu Dhabi, and Amman on Saturday

One of Saudia’s aircraft (company website)
One of Saudia’s aircraft (company website)
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Saudia to Partially Resume Flights To, From Dubai, Abu Dhabi, and Amman on Saturday

One of Saudia’s aircraft (company website)
One of Saudia’s aircraft (company website)

Saudia announced on Thursday the partial resumption of its operations to and from Dubai, Abu Dhabi, and Amman starting Saturday, April 11.

In a post on its official account on the social media platform X, the airline said the resumption will be carried out through the operation of exceptional daily flights to and from those destinations.

Saudia advised passengers to check the status of their flights before heading to the airport, noting that further updates will be published through its official channels.


IMF Expects to Provide Vulnerable Economies Hit by Iran War Up to $50 bn

FILED - 24 October 2024, US, Washington: The logo of the International Monetary Fund (IMF) is pictured on the facade of the conference building on Pennsylvania Street. Photo: Soeren Stache/dpa
FILED - 24 October 2024, US, Washington: The logo of the International Monetary Fund (IMF) is pictured on the facade of the conference building on Pennsylvania Street. Photo: Soeren Stache/dpa
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IMF Expects to Provide Vulnerable Economies Hit by Iran War Up to $50 bn

FILED - 24 October 2024, US, Washington: The logo of the International Monetary Fund (IMF) is pictured on the facade of the conference building on Pennsylvania Street. Photo: Soeren Stache/dpa
FILED - 24 October 2024, US, Washington: The logo of the International Monetary Fund (IMF) is pictured on the facade of the conference building on Pennsylvania Street. Photo: Soeren Stache/dpa

The International Monetary Fund expects to have to provide up to $50 billion in immediate financial assistance to countries affected by the Middle East war, its managing director said on Thursday, with the crisis likely to have lasting economic effects.

"Given the spillovers of the Middle East war, we expect near-term demand for IMF balance-of-payments support to rise to somewhere between $20 billion and $50 billion, with the lower bound prevailing if the ceasefire holds," Kristalina Georgieva said, according to prepared remarks shared with AFP.

She added that food insecurity due to transport and supply chain disruptions caused by the war was expected to affect at least 45 million people.

"Even in a best case, there will be no neat and clean return to the status quo ante," she said, as a fragile ceasefire appeared to hold on Thursday.

The IMF will pare its global growth forecast for 2026 based on the impact of the crisis, with spiraling energy costs hitting some vulnerable economies harder than others.

Georgieva said that even in the Fund's "most hopeful scenario," infrastructure damage, supply disruptions and a loss of market confidence among other "scarring effects" meant growth would be less than expected.

She highlighted the "asymmetric" effects of the crisis, hitting low-income energy importers with limited fiscal space much harder than others.

"Spare a thought for the Pacific Island nations at the end of a long supply chain, wondering if fuel will still reach them in the wake of such a severe disruption," she said.


Cyprus' Aphrodite Signs 15-year Natgas Supply Deal with Egypt

A general view of a beach in Limassol, Cyprus, March 24, 2026. REUTERS/Yiannis Kourtoglou
A general view of a beach in Limassol, Cyprus, March 24, 2026. REUTERS/Yiannis Kourtoglou
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Cyprus' Aphrodite Signs 15-year Natgas Supply Deal with Egypt

A general view of a beach in Limassol, Cyprus, March 24, 2026. REUTERS/Yiannis Kourtoglou
A general view of a beach in Limassol, Cyprus, March 24, 2026. REUTERS/Yiannis Kourtoglou

Cyprus' offshore Aphrodite field signed a 15-year deal to sell natural gas to the Egyptian Natural Gas Holding Company, one of the ⁠partners in Aphrodite said on ⁠Thursday.

NewMed Energy said a binding term sheet was signed for ⁠the sale of all of the natural gas quantities recoverable from the Aphrodite reservoir with the national Egyptian gas company.

The term could ⁠be ⁠extended by another five years, Reuters quoted it as saying.

Last month, Egypt and Cyprus signed a framework agreement for cooperation on gas.