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Marafiq achieved financial closure for the Amiral Industrial Wastewater Treatment and Reuse Project in Jubail Industrial City 2, with a total cost of USD 500 million (SAR 1.875 billion).
The project is being developed by the Aqua Renew Company consortium, owned by Marafiq (40%), Veolia Middle East (35%), and Lamar Arabia Energy (25%).
Financing agreements were executed with a lending group including First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Korea Development Bank (KDB), and Qatar National Bank (QNB).
The facility will utilize advanced technologies to treat complex industrial wastewater from the Amiral facility, enabling treated water to be reintegrated into industrial operations.

Element List	Explanation
Previous Announcement	Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces its joining a of a consortium to develop an Industrial Wastewater Treatment Plant with Veolia Middle East S.A.S and Lamar Arabia for Energy
Date of Previous Announcement on Saudi Exchange’s Website	2025-09-09 Corresponding to 1447-03-17
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Marafiq is pleased to announce the successful financial closure of the Amiral Industrial Wastewater Treatment and Reuse Project in Jubail Industrial City 2, following the fulfillment of all required conditions and approvals from the relevant stakeholders. The Special Purpose Vehicle (Aqua Renew Company), jointly owned by Marafiq (40%), Veolia Middle East (35%), and Lamar Arabia Energy (25%), has executed the financing agreements with the lending group consisting of: First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Korea Development Bank (KDB), and Qatar National Bank (QNB). The total project cost is (USD 500 million), equivalent to approximately (SAR 1.875 billion), including financing cost. The project aims to treat complex industrial wastewater streams generated from the Amiral facility, including spent caustic, utilizing advanced treatment systems and innovative recovery technologies that enable reintegration of treated water back into industrial operations, supporting closed-loop reuse and improved energy efficiency. Achieving financial close marks a significant milestone toward the implementation of this strategic project. It reflects Marafiq’s commitment to advancing sustainable infrastructure, delivering integrated utilities and environmental solutions, enhancing resource efficiency, reducing industrial environmental impact, and contributing to the Kingdom’s vision 2030 broader objectives in environmental resilience and industrial circular economy.
The costs associated with the event, and if they have changed or not with indication of the reasons.	There is no increase in project costs than previously announced

Element List

Explanation

Previous Announcement

Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces its joining a of a consortium to develop an Industrial Wastewater Treatment Plant with Veolia Middle East S.A.S and Lamar Arabia for Energy

Date of Previous Announcement on Saudi Exchange’s Website

2025-09-09 Corresponding to 1447-03-17

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

Marafiq is pleased to announce the successful financial closure of the Amiral Industrial Wastewater Treatment and Reuse Project in Jubail Industrial City 2, following the fulfillment of all required conditions and approvals from the relevant stakeholders.

The Special Purpose Vehicle (Aqua Renew Company), jointly owned by Marafiq (40%), Veolia Middle East (35%), and Lamar Arabia Energy (25%), has executed the financing agreements with the lending group consisting of: First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Korea Development Bank (KDB), and Qatar National Bank (QNB).

The total project cost is (USD 500 million), equivalent to approximately (SAR 1.875 billion), including financing cost.

The project aims to treat complex industrial wastewater streams generated from the Amiral facility, including spent caustic, utilizing advanced treatment systems and innovative recovery technologies that enable reintegration of treated water back into industrial operations, supporting closed-loop reuse and improved energy efficiency.

Achieving financial close marks a significant milestone toward the implementation of this strategic project. It reflects Marafiq’s commitment to advancing sustainable infrastructure, delivering integrated utilities and environmental solutions, enhancing resource efficiency, reducing industrial environmental impact, and contributing to the Kingdom’s vision 2030 broader objectives in environmental resilience and industrial circular economy.

The costs associated with the event, and if they have changed or not with indication of the reasons.

There is no increase in project costs than previously announced

Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces an update on its joining a of a consortium to develop an Industrial Wastewater Treatment Plant with Veolia Middle East S.A.S and Lamar Arabia for Energy