Home GCC Saudi Arabia Saudi’s Marafiq gets $280m to build Jeddah sewage treatment plant Marafiq’s shareholders include the Public Investment Fund, Saudi Arabian Oil Co. and Saudi Basic Industries Corp by Bloomberg September 13, 2020 Saudi Arabia’s Marafiq and its partners obtained $280m in financing to develop a sewage treatment plant in the kingdom’s commercial city of Jeddah. The project costs have been structured as non-recourse project financing from National Commercial Bank and equity contributions from shareholders, according to a statement. Veolia Environnement and Amwal AlKhaleejiah are partners in the Jeddah Airport 2 ISTP project. Details: Marafiq consortium set up Jeddah Althaniya Water Co. to operate the plant for 25 years Stage 1 will treat 300,000 m3 per day, scheduled to be commissioned on January 31, 2023 Stage 2 might add another 200,000 m3 per day when the new plant capacity exceeds specific utilisation rates Marafiq’s shareholders include the Public Investment Fund, Saudi Arabian Oil Co. and Saudi Basic Industries Corp. Tags Financing Jeddah Marafiq Public Investment Fund Saudi Arabia 0 Comments You might also like FIFA confirms Saudi Arabia as 2034 World Cup host Saudi Arabia’s PIF launches new hotel management company Parsons wins $53m 3-year contract for roads programme in Riyadh Trump Organization doubles down on Saudi property market