• Today marks the start of construction
at the first Independent Sewage Treatment Plant Project in the Kingdom
of Saudi Arabia in Dammam
• Key project documents including the finance documents have been executed
•
Notice to Proceed has been issued allowing contractors to mobilise and
commence construction activities at the Dammam West project site
Dammam, Saudi Arabia, -Wednesday 12 February 2020 [ AETOS Wire ]
Today
marks the start of construction at the first Independent Sewage
Treatment Plant Project (ISTP) in the Kingdom of Saudi Arabia in Dammam
West. The Notice to Proceed (NTP) allowing the contractors to mobilise
and start construction on site has been issued following the execution
of relevant project and finance documents by the banking group and the
consortium developing the project led by the Metito Group and comprising
the companies; “Metito”, “Mowah”, and “Orascom Construction” (the
Consortium).
The plant has
a designed capacity of 350,000 cubic meters per day and an initial
capacity of 200,000 cubic meters per day and will serve the western
region of Dammam. The project is the first ISTP to be awarded by the
Saudi Water Partnership Company to investors under a Build- Own-
Operate-Transfer (BOOT) model and plays an integral part of the plan set
by the Ministry to tender similar projects to the investors in
different regions across the Kingdom. This is in line with the Kingdom’s
“Vision 2030” and the wider initiatives approved by the Cabinet of
Ministers to further encourage private sector participation in economic
development initiatives.
Rami
Ghandour, Metito Managing Director commented: “The Dammam ISTP is a true
testament of the Kingdom’s progressive and visionary leadership and a
great example of their support to further involving private sector in
lifeline mega infrastructural projects. Together with the support from
the Saudi Water Partnership Company and the National Water Company, we
will develop a project in world-class quality using the most efficient
solutions and advanced technology that will guarantee sustainable
optimized operations and service excellence. We will develop a working
model for other similar projects in the Kingdom and further afield”,
added Rami Ghandour.
Sami Alrayes,
Mowah Chairman and CEO said: “Today is a milestone for the Saudi PPP
sewage programme with the start of construction works in the Dammam West
ISTP. Contractors are commencing mobilization and conducting site
preparation, surveying, clearing, levelling and fencing confirming the
commitment of Dammam West Company for Water in speeding the start of
construction works in one of the first projects under this program.”
Osama Bishai,
CEO of Orascom Construction, commented, “We are pleased with the
financing milestones achieved on this project, paving the way for the
start of construction. Orascom Construction’s experience, especially in
the water sector, will be key to facilitate the successful execution of
Dammam West ISTP. We are excited to play an integral role in this
program and look forward to continue collaborating with SWPC and
National Water Company.”
Contacts
Shaimaa Aly, +97124420423
shaimaa.aly@newgatecomms.com