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01/06/2014 09:33 AST
The Power and Water Utility Company for Jubail and Yanbu (Marafiq) is to build its new head office in the Jubail Industrial City. The company recently concluded a construction agreement with Azmeel Contracting KSA, which was signed by Marafiq's President & CEO Abdullah K. Al-Buainain and Ahmed Al-Jabr, Azmeel President and CEO.
Work on the project has been scheduled to start by the end of 2014 and is expected to complete within 24 months. The building designed by MTMM Engineering Consultancy will spread over a total area of 18,000 sqm. The project will comprise a main building with an annexed services block to accommodate the company offices. It will also include a customer service center.
The head office complex will be strategically located close to Marafiq's residential and industrial customers in the city. Al-Buainain said: "The new office will provide us a single location with a better working environment for all our employees, rather than the multiple sites currently spread out all over the city."
Marafiq also signed another agreement with MaSa, the O&M joint venture of Marafiq and the Saud Group of France, for the operations and maintenance of Marafiq's water facilities in Yanbu Industrial City. The work includes the construction of industrial and sanitary wastewater treatment plants and water distribution network. The agreement was signed by Al-Buainain and Pascal Grant, GM of MaSa.
Al-Buainain said the agreement was an extension to MaSa's operations in Jubail Industrial City, where it has been responsible for the operations and maintenance of all Marafiq's water facilities for the past three years. MaSa has been selected to take over O&M of the Yanbu facilities on the basis of its strong performance in the Jubail Industrial City. Al-Buainain added that the agreement would provide employment and training opportunities for Saudi nationals.
MaSa was established in 2011 to undertake the operations and maintenance of Marafiq's water facilities in Jubail. Saur Group was selected as partner because of its extensive and proven experience in operations and maintenance of water treatment and potable water plants in Europe and other countries.
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Saudi Gazette
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| TAQA | 2.37 | 0.05 (2.15 |
| ACWAPOWER | 202.20 | 14.50 (7.72 |
| DEWA | 2.64 | 0.05 (1.93 |
| SAUDIENERGY | 16.54 | 0.00 (0.00 |
| EMPOWER | 1.65 | 0.05 (3.12 |
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