Search Site

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

Saudi to build three sewage plants costing $630m

Three new sewage plants will be built in Saudi Arabia at the cost of $630 million in partnership with private developers. File pic
  • The plants are expected to be ready by the end of 2024.
  • Madinah, Qassim and Tabuk each will have a plant with daily processing capacity ranging between 90,000-375,000 cum.

RIYADH: Three new sewage plants will be built in Saudi Arabia at the cost of $630 million in partnership with private developers.
Expected to be completed by the end of 2024 in Madinah, Qassim and Tabuk, the plants are being built under the Privatization Program, one of the programs of Vision 2030, said Abdulrahman Bin Abdulmohsen Al-Fadhli, the minister of environment, water and agriculture.
Saudi Arabian Amiantit Co. and Saudi Industrial Services Co. (SISCO) announced that the best-bidder consortium signed a contract on Sept. 26 with Saudi Water Partnership Co. (SWPC) to build the plants.
Saudi firm the International Water Distribution Company, which is 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.
Solar energy units will also be installed to reduce electricity consumption from the grid.
SPA reported that 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.
The Madina project has a treatment capacity of 200,000 cubic meters per day, expandable to 375,000 cubic meters per day.