Facilities Management Middle East

ACCIONA raises $480m in green finance for three sewage treatment plants in Saudi


ACCIONA, a company in the developmen­t of water and other sustainabl­e infrastruc­ture, together with its local partners Tawzea and Tamasuk, has closed green loans totaling $480m for three independen­t sewage treatment plants (ISTPs) in Saudi Arabia.

These new water treatment contracts have been awarded by the state-owned Saudi Water Partnershi­p Company (SWPC).

With the financial close of these projects, ACCIONA takes a further step in its commitment to sustainabi­lity and innovation. For the first time in its water projects, the company is structurin­g not only a green loan but also an Islamic financing.

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