Jiangsu United Water Technology (SH:603291) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-08 23:07Core Viewpoint - Jiangsu United Water Technology Co., Ltd. has won a bid for the "Long-term O&M Contracts for Sewage Treatment Plants Package 10 (North Cluster)" project in Saudi Arabia, marking a significant step in the company's international expansion strategy [1][8]. Project Overview - The project involves the operation and maintenance of nine sewage treatment plants in the northern region of Saudi Arabia, with a total capacity of 337,800 cubic meters per day [1][2]. - The project includes restoration, efficiency enhancement, construction of deep sludge treatment facilities, and a 15-year full-cycle operation and maintenance plan [1][2]. - The project aims to extend asset life, improve operational efficiency, and support water recycling, aligning with Saudi Arabia's national water strategy [1][7]. Financial Aspects - The estimated total investment for the project is 203 million Saudi Riyals, approximately 378 million Chinese Yuan [2][4]. - The funding sources include self-financing and bank financing [4]. Joint Venture Details - The joint venture consists of Jiangsu United Water, Prosus Energy LLC, and Armada Holding Company, with Jiangsu United Water as the leading entity responsible for project design, financing, and operations [6][7]. - Prosus Energy LLC will act as a financial investor, while Armada Holding Company will handle construction, customs clearance, and local business communications [6][7]. Market Context - The demand for sewage treatment in Saudi Arabia is rapidly increasing due to population growth and urbanization, while current treatment capacity is insufficient [7]. - The Saudi government has prioritized water security in its Vision 2030 and National Water Strategy 2030, planning to increase investments in water infrastructure [7][8]. Strategic Implications - Winning this project demonstrates the company's capability to compete internationally and manage complex projects, enhancing its reputation in the global water sector [8]. - This project is a significant achievement in the company's strategy to expand into international markets, particularly in the Middle East, and lays a foundation for future growth in South Asia and Southeast Asia [8].