Power and Water Utility Company for Jubail and Yanbu (Marafiq) has embarked on the implementation of a series of mega projects at an estimated cost of SR10 billion ($2.66 billion), local media reported.
Al-Riyadh daily said costs of the projects to be undertaken by Marafiq in Jubail and Yanbu were estimated at SR2.30 billion and SR7.65 billion respectively, the media said.
In Jubail, Marafiq will build a water desalination plant based on reverse osmosis system (ROS) costing SR850 million for SADARA Chemical Co., a joint venture between Saudi Aramco and US-based Dow Chemical, at Jubail Project 2. The plant will serve one of the biggest petrochemical complexes to be built and run by SADARA whose cost stands at SR75 billion.
Marafiq also has embarked on the implementation of other projects in Jubail, including a ROS-based desalination plant (4) at the cost of SR372 million, expansion of a water pump station at SR120 million, construction of a new water pump station at Matarafiyya area at SR100 million, a rent-to-own housing program at SR420 million, and the company’s HQ project at the cost of SR140 million.
The new expansion projects are said to have come in response to the requirements of the new and existing petrochemical companies in Jubail, which are implementing works at the cost of SR33 billion, of which SR10.15 billion projects represent the share of private sector firms.
The Saudi Arabian Basic Industrial Corporation (SABIC) is reportedly implementing new projects at the cost of SR22.96 billion, including an industrial rubber project for Al-Jubail Petrochemical Company (Kemya) at the cost of SR12 billion, a port berth project for petrochemical products (SR1.3 billion), a styrene butadiene acryl project for Arabian Petrochemical Company (Petrochemya) at SR2.25 billion, an expansion project at the Saudi Arabian Fertilizer Company (Safco 5) at SR2 billion, another project for the National Methanol Company (Ibn Sina) at SR1.9 billion, and SABIC staff housing project at Jalmouda District at the cost of SR3.5 billion.
Marafiq, a Jubail-based joint-stock company, is owned by four major shareholders — the Royal Commission for Jubail and Yanbu (RCJY), SABIC, Saudi Aramco, and the Public Investment Fund (PIF) while the remaining shares go to seven private sector companies. Its primary objective is to provide essential utility services to industrial, commercial and residential customers in the industrial cities of Jubail and Yanbu.