
Madinah 3 wastewater plant kicks off commercial operations
Infrastructure Madinah 3 wastewater plant kicks off commercial operations
By
The Madinah plant is said to have treated more than five million cu/m of wastewater during Ramadan and converted it into water suitable for industrial and agricultural use
The Saudi Water Partnership Company (SWPC) has announced that its US $257mn utility project – Madinah 3 Wastewater plant has commenced commercial operations. The facility boasts a 200,000cu/m per day capacity which is expandable to 375,000cu/m per day in emergency situations.
The company said that it will also build 23km of recycled water collectors for irrigation, three storage tanks and their respective pumping stations. The treatment plant will have a collection well and pumping station, pre-treatment, biological reactor, sludge line, and recycled water pumping station.
The key project was developed by a Spanish infrastructure major ACCIONA with local firms – International Water Distribution Company (Tawzea) and Tamasuk as partners. SWPC said the project has been implemented on a build, own, operate and transfer (BOOT) model. One of the three new WWTP build by ACCIONA in Saudi Arabia.
As per the purchase deal with the consortium, ACCIONA will be responsible for the facility's development, design, financing, construction, operation and maintenance over a 25-year period from the date of commercial operations.
The Madinah plant is said to have treated more than five million cu/m of wastewater during Ramadan and converted it into water suitable for industrial and agricultural use, thus contributing to reducing the environmental impact and improving the quality of life for its residents, said a statement from SWPC.
Last year ACCIONA celebrated it key safety milestone at the Madinah 3 project site clocking two million man-hours without Lost-Time Injuries. Hassan Allam Construction was responsible for the civil works of the plant. The waste treatment plant has a collection well and pumping station, pre-treatment installation, biological reactor, sludge line, and recycled water pumping station, it stated.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Gulf Today
5 hours ago
- Gulf Today
Nasdaq Dubai welcomes listing of $500 million AT1 Sukuk by Sharjah Islamic Bank
Nasdaq Dubai today welcomed the listing of a US$500 million Additional Tier 1 (AT1) Sukuk issued by Sharjah Islamic Bank (SIB). The perpetual, non-call six-year AT1 Capital Certificates were issued by SIB Tier 1 Sukuk IIND Ltd and are compliant with Basel III regulations. The issuance attracted strong interest from both regional and international investors, providing Sharjah Islamic Bank with additional capital to fuel its long-term growth plans. This latest transaction brings the Bank's total outstanding on Nasdaq Dubai to $2.5 billion across five listings. It also reinforces Dubai's strategic role in advancing the Islamic capital markets ecosystem. To mark the occasion, Ahmed Saad, DCEO of Sharjah Islamic Bank, rang the market opening bell at Nasdaq Dubai in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Saad commented, 'The successful listing of our $500 million perpetual Additional Tier 1 Sukuk on Nasdaq Dubai marks a significant milestone in Sharjah Islamic Bank's strategic growth journey. This issuance reflects our strong fundamentals, robust investor confidence, and commitment to maintaining a solid capital base in line with Basel III requirements." Ali stated, "This listing reflects more than capital raising —it's part of a broader shift as regional institutions like Sharjah Islamic Bank lead the deepening of local debt markets. As demand for diversified, Shariah-compliant instruments continues to grow, Nasdaq Dubai is proud to serve as a trusted platform for innovation in Islamic finance. "The momentum we are seeing in Sukuk issuances signals a maturing financial ecosystem where local ambition meets global capital flows. SIB's continued engagement underscores the strategic role financial institutions play in building resilient, forward-looking capital markets across the UAE and beyond." With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached $95.7 billion, underlining its status as one of the world's largest venues for Islamic fixed-income securities. Nasdaq Dubai's broader debt capital market has now surpassed $136 billion across 160 listings, reflecting growing international confidence in Dubai as a gateway for capital flows between the Middle East and the world. WAM


Sharjah 24
8 hours ago
- Sharjah 24
Sharjah debuts at Readmagine 2025
During the international event, SBA participated in a session titled "Empowering Emirati publishers through the Sharjah Publishing Sustainability Fund (Onshur)", featuring Iman Ben Chaibah, Director of strategic initiatives and global markets at SBA, alongside Shatha Nasser, founder of Kairos Publishing House and one of the winners in the fund's inaugural launch track. Onshur draws global interest as a blueprint for sustainability In the session, Iman Ben Chaibah reaffirmed Sharjah's commitment to shaping a sustainable and resilient future for the publishing industry in the UAE and the wider region. She introduced Onshur as a strategic initiative designed to empower publishers through three integrated tracks: launch, scale and disrupt. 'The fund was established to address a fundamental challenge: how to ensure the continued strength and growth of the publishing sector over the long term. It responds to this need by offering a well-rounded framework of training, financial backing and professional mentorship, equipping publishers to tackle industry demands and grow their businesses with assurance and skill.' She went on to credit the vision of Sheikha Bodour Al Qasimi, Chairperson of SBA, for shaping the fund's comprehensive framework. 'Onshur offers a fully integrated support system that combines professional guidance, targeted training and access to a network of industry partners and specialists. It also provides practical resources such as trade licences, co-working spaces, affordable printing services and translation support. We were encouraged by the strong international interest in the Onshur model during the event, and we have already scheduled several follow-up meetings to explore potential areas of collaboration.' Publishing with purpose For her part, Shatha Nasser shared her journey into publishing, explaining that a simple search for a Spanish novel to recommend to a young Arab reader highlighted a broader cultural gap. Many important literary works had yet to be translated into Arabic. She discovered that many significant literary works remained inaccessible in Arabic. This realisation became the driving force behind the launch of Kairos, a publishing initiative committed to translating classic literature from Spanish, Italian and Portuguese into Arabic, to broaden access to global literary heritage and enrich the region's cultural landscape. She went on to highlight the pivotal role that Onshur played in shaping her professional journey. 'The fund provided a comprehensive foundation of mentorship, expertise and industry connections that enabled my entry into the publishing sector. It offered practical knowledge across all stages of book production, from acquiring publishing rights to distribution. With the support of a grant, I was able to establish the publishing house and release titles. It was the true starting point for a locally rooted publishing house with an international outlook.' Sharjah's Onshur sparks global dialogue The session attracted one of the highest levels of engagement at Readmagine 2025, sparking in-depth discussions around the structure of the Onshur Fund and the potential for replicating its model in other markets. Participants praised the leadership of Sheikha Bodour Al Qasimi and expressed their appreciation for this forward-thinking initiative, describing it as a compelling example of how to support publishers and promote long-term sustainability in the book industry. Many also voiced their hope that cultural institutions in other countries would consider adopting similar frameworks, recognising the fund's proven success in empowering publishers and fostering a dynamic, innovation-driven publishing environment.


Arabian Post
9 hours ago
- Arabian Post
Harrison Street Begins Middle East Push From Abu Dhabi
Arabian Post Staff -Dubai Harrison Street, a US-headquartered real assets investment firm with over $56 billion in assets under management, has formally expanded into the Middle East by establishing an office within the Abu Dhabi Global Market, after receiving regulatory approval from the Financial Services Regulatory Authority. The move is being viewed as a strategic step to tap into the region's institutional capital base and aligns with Abu Dhabi's ambitions to attract global investment managers. The firm's new office, located at ADGM's Al Sila Tower, is expected to anchor its regional operations and serve as a platform for growth across the Gulf and wider MENA region. Harrison Street becomes the latest in a line of global asset managers to choose Abu Dhabi as a regional headquarters, following similar moves by BlackRock, Brevan Howard, and Apollo Global Management. The announcement underscores the appeal of ADGM as a regulated environment that offers tax benefits, legal certainty, and direct access to sovereign wealth and pension funds. ADVERTISEMENT Christopher Merrill, co-founder and CEO of Harrison Street, described the expansion as a natural extension of the firm's long-term growth strategy. He emphasised that the company is aiming to offer institutional investors across the Middle East access to thematic investment opportunities in alternative real assets, including student housing, senior living, healthcare infrastructure, and digital assets. Merrill said the firm sees 'substantial appetite among Gulf-based investors for exposure to long-duration, inflation-protected assets with stable yield profiles.' While Harrison Street has traditionally focused on North America and Europe, its new ADGM base signals an intention to deepen partnerships with investors in the Gulf region. The decision is also part of a broader effort to diversify funding sources and tailor strategies that align with regional priorities such as healthcare expansion, demographic shifts, and digital infrastructure. The ADGM licence will enable Harrison Street to carry out regulated investment activities and offer tailored asset management services to qualified investors in the UAE and beyond. According to the firm's regional head, who is set to be announced in the coming weeks, the Abu Dhabi office will focus on both capital raising and direct investment origination, particularly in sectors aligned with government-backed development goals across the Gulf. Industry observers say Abu Dhabi's financial centre has matured into a viable launchpad for international firms targeting sovereign and institutional capital. With assets under management in ADGM growing to over $1 trillion this year, the financial centre is increasingly positioning itself as a global hub for private equity, venture capital, and asset management. Harrison Street's entry follows a regulatory trend where ADGM has been accelerating approvals for asset managers, family offices, and hedge funds in a bid to rival more established global centres. Global interest in Middle East capital pools has surged, with firms across Europe and the US actively seeking to establish an on-the-ground presence. Harrison Street's thematic investment strategy, focused on secular trends such as ageing populations and technological adoption, is seen to resonate well with Gulf investors pursuing diversification beyond traditional energy-linked assets. Merrill indicated that the firm will look to build co-investment partnerships and joint ventures with local institutions, leveraging its experience in structuring real estate and infrastructure funds across developed markets. He also hinted at the possibility of localised strategies that may include greenfield development and operating partnerships in sectors like education and senior care, particularly in markets undergoing demographic transition such as Saudi Arabia and the UAE. ADGM authorities welcomed the firm's entry as further validation of Abu Dhabi's rising influence in the global investment ecosystem. The financial centre has actively courted global asset managers through a mixture of regulatory reforms, dual licensing frameworks, and strategic partnerships with Abu Dhabi Investment Office and Mubadala.