Introduction:
MARAFIQ has announced financial closure for its Amiral Industrial Waste Water Treatment project in Jubail Industrial City 2. It means all terms and conditions for project cost has managed. The total value of this project is $500 million (1.875 Billion SAR). This project will be run by Aqua Renew Company which has 40% share by Marafiq. The purpose of this project is to treat industrial wastewater and to reuse it, so there will be no harm to environment. This project is align with Saudi Vision 2030.
Project Key Details:
| Feature | Details |
| Project Name | Amiral Industrial Wastewater Treatment & Reuse |
| Total Cost | $500 Million (SAR 1.875 Billion) |
| Joint Venture | Aqua Renew Co. (MARAFIQ 40%, Veolia 35%, Lamar 25%) |
| Lending Banks | FAB, ADCB, KDB, and QNB |
| Client | SATORP (Aramco & TotalEnergies joint venture) |
| Concession Period | 30 Years |
| Objective | Treatment and reuse of complex industrial wastewater |
Impact of This Project:
- A 30 years of agreement with SATORP means that MARAFIQ will get continues revenue for next 3 decades. This is best for financial health of company.
- There is no increase in project cost which means a best symbol for management. Many big projects increase their cost and consequently profit is low.
- This is not just a project but it is align with Saudi Vision 2030. It will save water by reusing treated waste water. MARAFIQ will be a leader in "Green Energy" and "Sustainability".
- The risk of this project is very low because Veolia (France), First Abu Dhabi Bank, and Qatar National Bank have share in this project. It shows that the project is credible.
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