Article

The Amiral Industrial Wastewater Treatment & Reuse Project (IWWTP) in Jubail, Saudi Arabia, has obtained a $500 million senior secured financing package from a consortium that includes CITIC Holding IF Group. The facility, which will treat around 8.8 million cubic meters of wastewater annually, aims to support the Amiral petrochemical complex and the wider Jubail industrial district.

Financial close was achieved in early 2026, and construction is underway. Marafiq leads the project consortium, with Veolia responsible for technology supply and long-term operations management. The financing structure is non-recourse, aligning with CITIC's investment-grade assessment and ESG framework.