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.



Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
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Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA

Saudi Arabia and Djibouti have signed an agreement to encourage and protect mutual investments, marking a significant step in enhancing economic cooperation between the two nations.
The agreement was signed by Saudi Minister of Investment Khalid Al-Falih and Djiboutian Secretary in Charge of Investment and Development of the Private Sector Safia Mohamed Ali Gadileh during the 28th World Investment Conference in Riyadh, SPA reported.

The event is being held under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister.
Both officials praised the agreement, emphasizing its importance in fostering collaboration between the private and government sectors of both countries. They highlighted the agreement’s role in supporting the ambitious investment initiatives currently being pursued by the Kingdom and Djibouti.
The agreement is designed to create a secure and attractive investment environment by offering key advantages such as investment protection, national treatment, fair and equitable treatment, transparency, and access to national courts or international arbitration for dispute resolution.
By ensuring these safeguards, the agreement aims to increase the volume of mutual investments across various sectors and strengthen economic ties between the two nations.