ARABIA SAUDITA — 30 July 2026 — Almar Water Solutions, part of Jameel Environmental Services and a global leader in water infrastructure development and services, has been awarded the expansion of the Zuluf Water Treatment Project by Aramco, with the project expected to proceed to financial close, subject to customary conditions. The award reflects the long-standing relationship between both organizations and underscores Almar’s role as a trusted partner in large-scale industrial water solutions.
The expansion was awarded to the same special purpose vehicle (SPV) through an extension of the existing contractual framework, ensuring full continuity with the original concession structure. This structure comprises a joint venture between Almar, a leading party, and Al Jomaih Energy & Water Company. With a total investment of $940 million, the second phase will add a new facility with a capacity of approximately 308,000 cubic meters per day (1.9 million barrels of water per day), significantly increasing treated water production for injection.
Building on the First Phase
The expansion builds on the successful first phase of the Zuluf Water Treatment Plant, a strategic industrial facility launched in 2023 with a capacity of 185,000 cubic meters per day. The project shares a similar structure developed under a BOOT (Build–Own–Operate–Transfer) concession lasting until 2050. Together, both phases represent a scalable, long-term infrastructure solution designed to meet the growing demand for high-quality injection water with operational reliability and efficiency.
Almar has been selected to manage the technical, financial, and operational complexities of the project, providing secure water solutions for this critical industrial activity.
Statement from Almar’s CEO
Carlos Cosín, CEO of Almar Water Solutions, stated: “This award reflects the strength of our partnership with Aramco and the long-term trust placed in Almar. The Zuluf expansion reinforces our commitment to delivering reliable, efficient water solutions for critical industrial applications while creating sustainable value for clients and stakeholders.”
The Zuluf expansion reinforces Almar’s proven track record in delivering large-scale industrial water infrastructure through innovative financing and integrated delivery models, while strengthening its strategic positioning in the Middle East in support of the region’s energy and industrial growth.
Sobre Almar Water Solutions
Almar Water Solutions, parte de Jameel Environmental Services, es una empresa líder en el desarrollo de infraestructuras de agua no convencionales y en los servicios de producción, distribución y tratamiento tanto para el sector municipal como para el industrial. La empresa se especializa en el desarrollo, diseño, gestión, financiación y operación de infraestructuras, cubriendo una amplia gama de soluciones como la purificación, desalinización, tratamiento y reutilización. Para más información, visite almarwater.com.
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