Latest news with #Miahona
Trade Arabia
07-04-2025
- Business
- Trade Arabia
Miahona awarded $267m Jeddah wastewater plant contract
Miahona, a leading Saudi pioneer in water and wastewater infrastructure development, said it has secured an order worth SAR1 billion ($267 million) for the development of a wastewater treatment plant in Jeddah 1st Industrial City. The contract, which is for a long tenure of 25 years, was awarded by the Saudi Authority for Industrial Cities and Technology Zones (Modon). The project scope includes the rehabilitation, development, construction, operation and maintenance of the industrial wastewater treatment systems. It also involves capital investment, land utilisation, service provision and revenue generation through treated water sales, all within the framework of a Rehabilitation, Operation, and Transfer (ROT) model. Miahona said, as per the deal, it will be utilising the site for the project and ensuring the continuity and reliability of providing public services related to wastewater and industrial water treatment. The work also involves treatment of raw wastewater and industrial effluent according to the Service Agreement (SA) as well as marketing and sale of treated water for industrial purposes in accordance with the Service Agreement (SA).
Zawya
07-04-2025
- Business
- Zawya
Miahona awarded $267mln Jeddah wastewater plant contract
Miahona, a leading Saudi pioneer in water and wastewater infrastructure development, said it has secured an order worth SAR1 billion ($267 million) for the development of a wastewater treatment plant in Jeddah 1st Industrial City. The contract, which is for a long tenure of 25 years, was awarded by the Saudi Authority for Industrial Cities and Technology Zones (Modon). The project scope includes the rehabilitation, development, construction, operation and maintenance of the industrial wastewater treatment systems. It also involves capital investment, land utilisation, service provision and revenue generation through treated water sales, all within the framework of a Rehabilitation, Operation, and Transfer (ROT) model. Miahona said as per the deal, it will be utilising the site for the project and ensuring the continuity and reliability of providing public services related to wastewater and industrial water treatment. The work also involves treatment of raw wastewater and industrial effluent according to the Service Agreement (SA) as well as marketing and sale of treated water for industrial purposes in accordance with the Service Agreement (SA). Miahona will also provide maintenance for external networks and lift stations. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
06-04-2025
- Business
- Trade Arabia
Miahona achieves financial close for $400m Saudi sewage plant
Miahona, a Saudi pioneer in water and wastewater infrastructure development, has announced that its consortium comprising Besix and Marafiq Company has achieved financial close for the SAR1.5 billion ($400 million) Al Haer Independent Sewage Treatment Plant (ISTP) coming up in the kingdom. To be developed on a build, own, operate and transfer (BOOT) model, the plant once completed will boast a treatment capacity of 200,000 cu m/day. Miahona has a 45% stake in the consortium. It will also include treated sewage effluent special facilities (TSESF), consisting of 32 km-long Treated Sewage Effluent (TSE) transmission system with a capacity of 400,000 cu m/day, a TSE Pumping Station, and TSE storage tanks with a capacity of 200,000 cu m/day. Miahona said the facilities agreements were sealed with the group of financiers comprising Banque Saudi Fransi (BSF), Apicorp and Riyad Bank. The commercial operation of the project will kick off in the fourth quarter of 2026, with the agreement spanning 25 years to guarantee sustained service delivery and effectiveness. -TradeArabia News Service
Zawya
09-02-2025
- Business
- Zawya
Miahona-led consortium achieves financial close on Al Haer ISTP in Riyadh
The consortium led by Saudi-listed utility Miahona has achieved a financial close on the 1.5 billion Saudi riyals ($399.93 million) Al Haer Independent Sewage Treatment Plant (ISTP) in Riyadh province. The funding was secured after fulfilling all requirements and conditions with a group of financiers, including Banque Saudi Fransi, Arab Energy Fund (formerly APICORP) and Riyad Bank, the company said in a statement to the Saudi stock exchange on Sunday. The project has a duration of 25 years, with Miahona's stake in the consortium at 45 percent. In July 2024, Zawya Projects reported that Power and Water Utility Co. for Jubail and Yanbu (Marafiq) will join the Miahona-BESIX consortium to develop Al-Haer ISTP. The Miahona-BESIX consortium signed the project agreement with the Saudi Water Partnership Company (SWPC) in March 2024 after being declared the preferred bidder in November 2023. Al Haer ISTP will be developed on a build, own, operate (BOOT) model with a treatment capacity of 200,000 cubic metres per day (m3/day). The plant will also include Treated Sewage Effluent (TSE) facilities, consisting of a nearly 32 km-long TSE transmission system with a capacity of 400,000 m3/day, a TSE pumping station, and TSE storage tanks with a capacity of 200,000 m3. The plant is expected to start operations in December 2026, the statement said, adding that the positive financial impact of the project will be reflected on Miahona's financials starting from the first quarter of 2025.
Argaam
09-02-2025
- Business
- Argaam
Miahona says Al-Haer ISTP achieves financial closure, costs SAR 1.5B
Miahona Co. achieved the financial close for Al-Haer independent sewage treatment plant (ISTP) project in Riyadh at a total cost of SAR 1.5 billion, according to a statement to Tadawul. The project duration is 25 years, and the expenses do not include the financing costs. Miahona's stake in the project consortium is 45%. The facilities agreements were sealed on Feb. 7, after fulfilling all requirements and conditions with a group of financiers, namely, Banque Saudi Fransi (BSF), APICORP and Riyad Bank. The project will be developed on a build, own, operate and transfer (BOOT) basis with a treatment capacity of 200,000 m3/day.
