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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
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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.

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Saudi Finance Minister: 2025 Budget Aims to Continue Expanding Strategic Spending

Al-Jadaan speaking at the press conference (Asharq Al-Awsat)
Al-Jadaan speaking at the press conference (Asharq Al-Awsat)
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Saudi Finance Minister: 2025 Budget Aims to Continue Expanding Strategic Spending

Al-Jadaan speaking at the press conference (Asharq Al-Awsat)
Al-Jadaan speaking at the press conference (Asharq Al-Awsat)

Saudi Finance Minister Mohammed Al-Jadaan outlined the objectives of the 2025 budget, emphasizing a continued focus on strategic spending for developmental projects aligned with sectoral strategies and Vision 2030 programs.
He added that the budget aims to support initiatives that deliver sustainable economic, social, and environmental benefits, while enhancing the business environment, improving the Kingdom’s trade balance, and increasing both the volume and quality of local and foreign investments.
Speaking at a press conference following the Cabinet’s approval of the budget, Al-Jadaan highlighted the government’s commitment to expansionary spending due to its positive impact on citizens. He noted that Saudi Arabia’s economy has become more resilient to fluctuations in oil markets, reflecting ongoing structural changes.
The non-oil economy is projected to grow by 3.7% by the end of 2024, he said, with non-oil activities contributing 52% to GDP during the first half of the current year.
The minister also revealed that since the launch of Vision 2030, non-oil revenues have increased by 154%. Oil’s share of GDP currently stands at 28%, and the nominal GDP has reached SAR 4.1 trillion, he remarked.

Moreover, Al-Jadaan said that private investment’s contribution to GDP has grown from 16% in 2016 to 24.7% today. The industrial sector is set to attract SAR 30 billion ($8 billion) in investments in 2025, alongside SAR 12.3 billion ($3.2 billion) in credit facilities to support Saudi exporters. Tourism has also emerged as a significant driver of economic growth, ranking as the second-largest contributor to the balance of payments after oil.
The Saudi minister emphasized the encouraging economic indicators, noting the surge in small and medium-sized enterprises driven by government spending. He reiterated the government’s cautious and conservative approach to budget preparation, reflected in revenue figures.
Structural changes in the Kingdom’s economy are beginning to yield tangible results, with a 33% increase in spending on strategies and programs aimed at achieving Vision 2030, according to Al-Jadaan. These efforts are expected to sustain economic growth, foster diversification, and further strengthen the Kingdom’s global economic standing, he stated.