Infrastructure Drake & Scull unit to oversee $210m Saudi water project By Pramod Kumar May 1, 2024, 4:12 AM Unsplash.com/Ivan Bandura The project in Saudi Arabia's Al Khobar includes building a wastewater treatment plant with a capacity of 200,000 cubic meters per day A subsidiary of Dubai’s Drake & Scull International is to design and build an expanded wastewater treatment plant in Saudi Arabia’s eastern province. Passavant Energy and Environment Limited, which specialises in wastewater and water treatment technologies, was awarded the project in collaboration with a major contracting company in the kingdom. The name of the partner was not disclosed. The total contract value of the project, located in Al-Khobar, is SAR789 million ($210 million), while the sub-contract value to Passavant is $48 million. NewsletterGet the Best of AGBI delivered straight to your inbox every week The project includes building a wastewater treatment plant with a capacity of 200,000 cubic metres per day. The plant will incorporate technology to convert waste into energy as part of the country’s sustainable resource management. The Drake & Scull unit will supervise engineering, procurement, equipment supply, plant installation, and commissioning. Drake & Scull to issue sukuk for return to Dubai market Appeal court green lights Drake & Scull restructure The memory of water: Saudi Arabia’s troubled history Saudi Arabia’s National Water and Wastewater Company is working to expand and improve the water and wastewater infrastructure throughout the country in line with Vision 2030. The state-run entity has allocated SAR103 billion to implement 1,294 water and wastewater projects. Drake & Scull was given the green light in March to resume trading on the Dubai Financial Market after an absence of more than five years. Trading is expected to resume on May 21. The company reported a net loss of AED352 million in its preliminary financial results for 2023, 57 percent worse than the AED224 million loss the previous year.
