Almar Secures $940M Contract for Zuluf Water Treatment Expansion

Summary:

Almar Water Solutions has secured a $940 million contract from Aramco to expand the Zuluf Water Treatment Project, increasing its treatment capacity to 308,000 cu m/day. The expansion, awarded through an extension of the existing contractual framework, builds on the successful first phase launched in 2023, which had a capacity of 185,000 cu m/day. Almar will manage the project's technical, financial, and operational complexities, emphasizing operational reliability and efficiency. This long-term infrastructure solution aims to meet the growing demand for high-quality injection water, reinforcing Almar’s partnership with Aramco and its strategic position in the Middle East.