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WATER TREATMENT-
One step closer to Al Haer sewage plant: The Saudi Water Partnership Company (SWPC) signed 25-year concession agreements with unnamed private sector companies to develop Al Haer independent sewage treatment plant in Riyadh, according to a statement by SWPC. The statement did not disclose details of the value of agreements or name the private sector firms. The plant’s capacity will be 200k cubic meters per day, with commercial operations slated to start in 4Q 2026, according to the statement.
Ironing out the details: The partnership builds on previous public-private partnerships (PPP) agreements with the private sector in wastewater treatment. The award was made under the BOOT (build, own, operate, and transfer) model.
DEBT WATCH-
Tadawul-listed Halwani Bros renewed a credit facility with Bank AlJazira worth SAR 55 mn to finance the leading food manufacturer and distributor’s working capital, it said in a disclosure to Tadawul yesterday. The Shariah-compliant banking facility is valid until 23 January and could be renewed annually.
TOURISM-
Almosafer + Ministry of Hajj and Umrah: Almosafer will be facilitating flight reservation to the holy cities through its aviation services on the Nusuk Hajj platform under an agreement with the ministry, Zawya reports.
ENERGY-
Gasco subsidiaries Khazeen, Tazweed, and Jal are set to kick off operationswhere Khazeen will specialize in gas storage and filling activity, while Tazweed will focus on bulk gas distribution activity, and JAL will operate in liquids and gas transportation, it said in a filing to Tadawul.
AVIATION-
Industry and Mineral Resources Ministry has inked an MoU with Brazil-based aerospace player Embraer to support the development of the local aviation industry, the Ministry said on social media platform X. No further details were provided.
