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Saudi Arabian firm awards wastewater contract to India's VA Tech Wabag

Infra News - Published on Mon, 05 Nov 2018

Image Source: Construction Week
Marafiq, a Saudi Arabian company that counts Saudi Aramco and Public Investment Fund (PIF) among its owners, has awarded a USD 133.3 m contract to an Indian-listed water company for the expansion of its sanitary wastewater treatment plant (SWTP-9) in Jubail. President and chief executive officer (CEO) of Marafiq, Mr Abdullah Al-Buainain, signed the contract with the CEO of Chennai-headquartered VA Tech Wabag, Deep Raj Saxena. Wabag’s share price on the National Stock Exchange rose by almost 9% following the announcement of its latest Middle East order.

However, the contract will see SWTP-9 expanded to have a capacity of 200,000m3 per day, and the project will be designed and built to treat incoming sanitary wastewater from Jubail and its Industrial City. The deal covers Stage 6 of the expansion project, and will comprise a standalone facility designed and built for sanitary wastewater treatment.

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

Source :

Posted By : Joykumar Irom on Mon, 05 Nov 2018
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