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Almar wins $940m Zuluf water expansion from Aramco
Almar will build a second phase at Zuluf for Aramco, adding 308,000 m3/day under a BOOT concession through 2050, with total capacity rising to 493,000 m3/day.
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Almar Water Solutions will build a second phase at the Zuluf plant for Aramco, adding 308,000 m³/day of capacity under a build-own-operate-transfer concession that runs through 2050.
The project carries a total investment of $940 million, Almar said in a statement. The expansion will be delivered through the same special purpose vehicle used for the first phase, a joint venture between Almar and Al Jomaih Energy & Water Company.