Saudi-listed Power and Water Utility Company for Jubail and Yanbu (Marafiq) is set to partner with the Miahona Company-BESIX consortium for the development of the Al Haer independent sewage treatment plant (ISTP) project in Riyadh, a venture valued at 1.5 billion Saudi riyals ($400 million), reports Zawya.

The Miahona-BESIX consortium secured the contract with the Saudi Water Partnership Company (SWPC) in March 2024, following their selection as the preferred bidder in November 2023. Marafiq will hold a 35 percent stake in the project company, with Miahona retaining a 45 percent share, according to a statement released on the stock exchange by Marafiq.

Financial closure for the project is anticipated in the third quarter of 2024, with commercial operations expected to commence in the first quarter of 2027. The initiative encompasses the construction and operation of a sewage treatment facility with a capacity of 200,000 cubic metres per day. The plant will operate on a Build, Own, Operate, and Transfer (BOOT) basis for a duration of 25 years.

Additionally, the project will feature a Treated Sewage Effluent (TSE) re-use system, which includes a 32-kilometre transmission pipeline capable of handling 400,000 cubic metres per day, a TSE pumping station, and TSE reservoir tanks with a capacity of 200,000 cubic metres.

Source: Smart Water Magazine