Project
Al Haer Independent Sewage Treatment Plant (ISTP)
Saudi ArabiaWastewater Infrastructure
Build-own-operate-transfer sewage treatment plant procured by Sharakat on a 25-year term, sponsored by Miahona Company (45%), Marafiq Company (35%) and BESIX Company, with financing from Banque Saudi Fransi and Riyad Bank. It provides 200,000 m³/day of treatment capacity with a 32km transmission system and 200,000 m³ of storage; financial close was reached around February 2025 and commercial operation is targeted for Q4 2026.
Status
Near CompletionStatus
Procurement CompletedProcurement Status
Value
SAR 1.8 billionContract Value
Scale & Capacity
200000 m³/dayTreatment Capacity
400000 m³/dayTransmission System Capacity
Overview
- Delivery Model
- BOOT (Build-Own-Operate-Transfer); sponsor consortium Miahona Company (45%) / Marafiq Company (35%) / BESIX Company (remaining stake).
- Contract Term
- 25 years
- Scale / Scope
- 200,000 m³/day treatment capacity, plus a 32km transmission system (400,000 m³/day capacity) and 200,000 m³ storage. Financial close ~February 2025. Commercial operation targeted Q4 2026 — a forecast, not yet an achieved milestone as of this cut-off.
Project Developments
- Project · 15 February 2025Al Haer ISTP reaches financial close
The Al Haer Independent Sewage Treatment Plant (sponsor consortium Miahona 45% / Marafiq 35% / BESIX) reached financial close (~February 2025); commercial operation is targeted for Q4 2026.
Participants & Roles
Sponsor / Developer
Procuring Authority
Offtaker / Revenue Counterparty
Lender / Financier
Sources
- SaudiGulf ProjectsIndustry / Trade Source
- Sharakat (Saudi Water Partnership Company)Official / Government