Veolia Becomes a Strategic Partner of Saudi Arabia in the Ecological Transformation
04 Diciembre 2021 - 09:23AM
Business Wire
- Veolia wins the Management Contract for water and wastewater
services for the Riyadh region of 9 million people.
- Veolia signs a strategic partnership agreement with the
Ministry of Investment and Water Transmission and Technologies
Company in the water sector.
- The Group continues its development in industrial waste
management through an exclusive partnership with Saudi
Aramco.
Regulatory News:
The National Water Company awarded Veolia (Paris:VIE) the
Management Contract for water and wastewater services in the
capital Riyadh and 22 outlying municipalities. The 7-year contract
represents revenues of €82.6 million. It covers a population of
nearly 9 million people, which is expected to double by 2030. The
contract covers the management of a 30,000 km drinking water
network and a 10,000 km wastewater network, with a large number of
production and treatment units.
Veolia, together with Saudi Arabia's Alkhorayef Water and Power
Technologies, will take on the operational and technical challenge
of developing water services in Riyadh and its region and is
committed to a series of concrete objectives. These include halving
losses in the water distribution network, ensuring continuity of
service and access to quality drinking water 24 hours a day, and
implementing a training program for more than 5,000 local
employees.
In addition, Veolia has signed a strategic agreement with the
Ministry of Investment and Water Transmission and Technologies
Company. Under this new partnership, Veolia will support the
Kingdom in improving the operational, energy and commercial
performance of the water sector throughout the country. This
cooperation will focus on the deployment of innovative solutions,
including digital ones, and on building skills in the operation and
maintenance of facilities.
Veolia is also becoming Saudi Aramco's exclusive partner for the
treatment of its industrial and non-hazardous waste. Estimated at
200,000 metric tons per year, this will be in addition to the
120,000 metric tons of hazardous waste that will soon be treated in
Jubail, where Veolia is finalizing the construction of an
incinerator for Sadara Chemical Company and other nearby industrial
companies.
With its long-standing presence in Saudi Arabia, where the Group
has been operating for more than 35 years in the water, waste and
energy sectors for both municipal and industrial clients, Veolia
continues to increase its contribution to the ecological
transformation of the Kingdom in line with its Vision 2030
plan.
On the sidelines of the second Franco-Saudi investment forum,
held in Jeddah on December 4, 2021, Antoine Frérot, Chairman and
CEO of Veolia, said: "The strong commercial momentum Veolia has
experienced in Saudi Arabia in recent years, as evidenced by the
recent signing of several municipal and industrial contracts in all
of our business lines, is a very clear indicator of the Kingdom's
desire to achieve the very ambitious environmental objectives it
has set for itself. In this context, Veolia is proud to be Saudi
Arabia's preferred partner for its ecological transformation."
About Veolia
Veolia group aims to be the benchmark company for
ecological transformation. With nearly 179,000 employees worldwide,
the Group designs and provides game-changing solutions that are
both useful and practical for water, waste and energy management.
Through its three complementary business activities, Veolia helps
to develop access to resources, preserve available resources, and
replenish them. In 2020, the Veolia group supplied 95 million
people with drinking water and 62 million people with wastewater
service, produced nearly 43 million megawatt hours of energy and
treated 47 million metric tons of waste. Veolia Environnement
(listed on Paris Euronext: VIE) recorded consolidated revenue of
€26.010 billion in 2020.
www.veolia.com
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Group press relations Laurent Obadia - Evgeniya Mazalova
Emilie Dupas Tel.+ 33 (0) 1 85 57 33 33 / 86 25
presse.groupe@veolia.com
Investors & Analyst Relations Ronald Wasylec - Ariane
de Lamaze Tel. + 33 1 85 57 84 76 / 84 80
investor-relations@veolia.com
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