Saudi Arabia agrees $630m deal for new sewage plants with private developers 

Update Saudi Arabia agrees $630m deal for new sewage plants with private developers 
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Updated 28 September 2021
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Saudi Arabia agrees $630m deal for new sewage plants with private developers 

Saudi Arabia agrees $630m deal for new sewage plants with private developers 

RIYADH: Three new sewage plants are set to be built in Saudi Arabia thanks to a SR2.4 billion partnership deal with private developers signed off by the government.

The new facilities will be constructed in Madinah, Qassim, and Tabuk, and are due to come online at the end of 2024.

Abdulrahman Bin Abdulmohsen Al-Fadhli, minister of environment, water and agriculture, tweeted that the plants were being built “within the framework of the initiatives of the Privatization Program, one of the programs of Vision 2030, and in partnership with the private sector.”

Saudi Arabian Amiantit Co. and Saudi Industrial Services Co. (SISCO) announced that the best-bidder consortium signed, on Sept. 26, a contract with Saudi Water Partnership Co. (SWPC) to build the independent sewage treatment plants (ISTPs).

Saudi firm the International Water Distribution Company — "Tawzea" — 50 percent owned by Amiantit, will have 35 percent of shares in the projects, as will Spain’s Acciona Company.

Another Saudi company, Tamasuk, will have the remaining 30 percent, Saudi Amiantit and SISCO said in a statement.

Solar energy units will also be installed to reduce electricity consumption from the grid.

The debt-to-equity in each of the Buraidah and Tabuk stations project, and the Madinah station project is 80 percent to 20 percent.

SISCO CEO Mohammed Al-Mudarres

Saudi Water Partnership Company chief executive Khaled Alqureshi said the three projects will use sequencing batch reactor technology- a fill-and-draw activated sludge system for wastewater treatment, and serve beneficiaries in the Qassim and Tabuk regions.

Buraidah and Tabuk plants will be established in the Qassim and Tabuk regions, with a processing capacity of 150,000 cubic meters per day for the Buraidah-2 project and 90,000 cubic meters per day for the Tabuk-2 project, SPA reported.

The Madina project has a treatment capacity of 200,000 cubic meters per day, expandable to 375,000 cubic meters per day.

The debt-to-equity in each of the Buraidah and Tabuk stations project, and the Madinah station project is 80 percent to 20 percent, SISCO CEO Mohammed Al-Mudarres, said.

The company's distribution policy is linked to the financial performance, he said in an interview with CNBC Arabia.