The consortium of Miahona Company and Thabat Construction Company has achieved the financial close of the Ras Tanura Industrial Wastewater Treatment Plant (IWWTP) in Saudi Arabia.

The project entails the development, design, financing, construction, commissioning, testing, ownership, insurance, operation, maintenance, and transfer of a new IWWTP with a treatment capacity of 20,000 cubic meters per day. This encompasses the establishment of a related transmission pipeline for wastewater and effluent transmission systems, as well as a new Wet Air Oxidation (WAO) plant at the Ras Tanura Refinery Complex. The project aims to utilize technology and sustainable solutions to efficiently treat and purify industrial wastewater, conserving and recycling water resources while safeguarding the ecosystem.

The plant is projected to commence commercial operations in June 2026, with a contract duration of 25 years.