عربي English Türkçe اردو فارسى
Logo
Latest News
Business

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

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

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.

Most Viewed

 
 
Business

Saudi Arabia Expands Efforts to Integrate into Global Supply Chains

Al-Falih speaking during the 28th Annual World Investment Conference in Riyadh (Asharq Al-Awsat)
Al-Falih speaking during the 28th Annual World Investment Conference in Riyadh (Asharq Al-Awsat)
TT
TT

Saudi Arabia Expands Efforts to Integrate into Global Supply Chains

Al-Falih speaking during the 28th Annual World Investment Conference in Riyadh (Asharq Al-Awsat)
Al-Falih speaking during the 28th Annual World Investment Conference in Riyadh (Asharq Al-Awsat)

Saudi Arabia is intensifying its efforts to secure access to essential materials, promote local manufacturing, enhance sustainability, and strengthen its participation in global supply chains. This follows Minister of Investment Khalid Al-Falih’s announcement of nine new agreements, alongside 25 additional deals under review, under the Global Supply Chain Resilience Initiative (Jusoor).
Speaking during the 28th Annual World Investment Conference in Riyadh, Al-Falih described these agreements as a major step toward building more resilient and efficient supply chains in the Kingdom.
He noted that the program, which reflects the vision of Crown Prince Mohammed bin Salman, forms part of the National Investment Strategy and is supported by government programs such as the National Industrial Development and Logistics Program (NIDLP).
Al-Falih highlighted Saudi Arabia’s plans to facilitate access to critical minerals, promote local manufacturing, and expand its footprint in global green energy markets. He emphasized that “green supply” is a fundamental pillar of the initiative, supported by investments in renewable energy.
The Kingdom aims to develop 100 new investment opportunities across 25 value chains, including projects in green energy and artificial intelligence (AI), he underlined.
The government is also offering incentives for companies to invest in special economic zones and aims to attract investments in emerging sectors such as semiconductors and digital manufacturing. Al-Falih stressed the importance of collaboration between public and private sectors in advancing Saudi Arabia’s Vision 2030 goals.
He reiterated the government’s full commitment to realizing this vision, with ministries continuing to support this strategic initiative focused on sustainable development and the localization of advanced industries.
Minister of Industry and Mineral Resources Bandar Al-Khorayef announced that Saudi Arabia has attracted over $160 billion in investments to its market—nearly triple previous figures. Capital in the mining sector has grown to $1 billion, while investments in mineral wealth have exceeded $260 million.
Al-Khorayef underlined the Kingdom’s commitment to building strong, reliable partnerships through strategies that prioritize supply chain development and sustainability. He identified the Jusoor initiative as a key mechanism for linking Saudi Arabia to global supply chains, tackling challenges such as energy transitions and the growing demand for critical minerals.
For his part, Minister of State and Cabinet Member Dr. Hamad Al-Sheikh, who also serves as Secretary-General of the Localization and Balance of Payments Committee, highlighted Saudi Arabia’s strategic investments in infrastructure, saying that these efforts aim to position the Kingdom as a leading global logistics hub.