The consortium of Miahona Company and Thabat Construction Company has successfully achieved the financial close of the Ras Tanura Industrial Wastewater Treatment Plant (IWWTP) for Aramco.
The project scope includes the development, design, financing, construction, commissioning, testing, ownership, insurance, operation, maintenance and transfer of a new IWWTP with a treatment capacity of 20,000 m3/d, along with the related transmission pipeline for the wastewater and effluent transmission systems, in addition to a new Wet Air Oxidation (WAO) plant at the Ras Tanura Refinery Complex, in the Kingdom of Saudi Arabia.
The project is expected to implement technology and sustainable solutions to effectively treat and purify industrial wastewater, thereby preserving and recycling water resources and safeguarding the ecosystem.
Commercial operation of the plant is expected to be in June 2026, with a contract term of 25 years.
Commenting on this achievement, Mr. Awaadh Al Otaibi, Miahona CEO, said: “We, at Miahona, are pleased to have successfully achieved financial closure on the pioneering Ras Tanura Industrial Wastewater Treatment Plant project for a strategic client like Aramco. This complex project further demonstrates Miahona’s capability to develop and operate municipal and industrial wastewater treatment facilities, promoting environmental sustainability throughout the Kingdom. Miahona, as the lead consortium member, is proud and honored to develop this prestigious BOOT project with Aramco. This accomplishment further strengthens Miahona’s market leadership in water and wastewater strategic value chains and is a testament to our commitment to achieve the KSA hashtag Vision 2030 in the water sector”