Indian water technology firm VA TECH WABAG Limited has clinched a massive $317 million contract with the Saudi Water Authority. The deal is for the engineering, procurement, construction, and commissioning of a colossal 300 million liter-per-day sea water reverse osmosis desalination plant in Yanbu, Saudi Arabia.
The plant, which is expected to be completed in 30 months, will employ advanced dual media filters and a two-pass reverse osmosis process to ensure high-quality potable water that meets Saudi environmental standards.
Shares of VA TECH WABAG surged to ₹1,347.10, up by ₹59.15 or 4.59 percent on the NSE early Friday.
This significant project expands WABAG’s footprint in the Gulf region, where the company has been active for over 40 years. With more than 60 desalination plants built worldwide since 1995, this new contract underscores WABAG’s expertise and its pivotal role in supporting Saudi Vision 2030.
Rohan Mittal, Head of Strategy & Business Growth for GCC at WABAG, expressed enthusiasm about the contract, highlighting its importance for both the company’s global standing and the ambitious goals of Saudi Vision 2030.
