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Miahona is expanding into Uzbekistan: Riyadh-based water treatment company Miahona has signed a development agreement with Uzbekistan Investment, Industry, and Trade ministry and Uzsuvtaminot Company to develop sewage and water treatment plants, according to a Tadawul filing. No financial details or timeline were disclosed for the projects, but the development agreement will remain in effect for one year.
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What we know: Miahona will develop the plants under a Build-Own-Operate-Transfer (BOOT) model and an Enhanced Operations and Maintenance (EOM) model in the Fergana Valley and Jizzakh Region. Miahona could also build four sewage treatment plants and handle the operation and maintenance (O&M) of five existing water and wastewater treatment projects in the same region.
Miahona has been active lately: The company — which recently closed the retail portion of its IPO on Tadawul’s main market — partnered with Saudi’s Power and Utility Company for Jubail and Yanbu (Marafiq) and Belgian construction developer Besix to develop the Al Haer independent sewage treatment plant project in Riyadh last July. The company’s subsidiary the Saudi Authority for Industrial Cities and Technology Zones (Modon) also partnered with Wazeen company to allocate an 11k sqm industrial land for a facility specializing in the treatment and recycling of hazardous medical waste.
The company has other projects in the works: Miahona is working on the LTOH wastewater treatment plants in Mekkah for the National Water Company with a capacity of 500k m3/day. It’s also developing the Ras Tanura industrial wastewater treatment plant for Saudi Aramco with a capacity of 20k m3/day.
