Almar Water Solutions completed the acquisition of a sewage treatment plant investment in Muharraq STP Company from Mubadala Infrastructure Partners. The plant has a 100,000 cubic meters per day capacity and a 29-year concession.
Almar Water Solutions, part of Abdul Latif Jameel Energy, and Hassan Allam Utilities, the utilities arm of Hassan Allam Holding, have formed a joint venture to develop water BOT and BOO projects in Egypt, including greenfield projects and acquisitions of brownfield assets.
A consortium including Marubeni Corporation, Abdul Latif Jameel, Acciona Agua and Rawafid Alhadarah signed a Water Purchase Agreement to develop the Shuqaiq 3 desalination plant in Saudi Arabia, with over $600 million investment, capacity of 450,000 cubic meters per day, and 700 jobs created.
Abdul Latif Jameel Energy and Environmental Services announced the establishment of Almar Water Solutions, a provider of water infrastructure development, at the World Future Energy Summit in Abu Dhabi. The company will construct and operate water desalination and purification treatment plants.