Marafiq’s IWPP in Jubail won the international Thomson Corporation’s prestigious PFI Award for EMEA (Europe, Middle East and Africa) Power Deal of the Year 2007. The PFI awards are presented each year by Thomson’s financial publication, Project Finance International, or PFI. It is a bi-monthly publication reporting on global project finance deals. The PFI Awards in different categories are considered the ultimate recognition for achievement in project finance all around the world. The 2007 awards were presented at a formal ceremony in London in January 2008.
JUBAIL YANBU “ In all the expansive sweep of civil engineering, from the pyramids of the Nile to the construction of the Panama Canal, nothing so huge, or costly, as Jubail has ever before been attempted by anyone.” “ Jubail and Yanbu . . . replete with petrochemical complexes, refineries, a steel mill and smaller secondary industries by the dozen, will be counted on to help keep the Saudi economy vibrant . . . far into the 21st century.” 12 July 1982
THE WORLD OF Saudi Arabia’s first private integrated multi-service utility company
Charter Undertake operation , maintenance , management , expansion and construction of utility systems for to provide essential utility services to industrial , commercial and residential customers in the industrial cities of Jubail and Yanbu
Capital Investment Cumulative* 2004 to 2014 *Approved budget up to 2009 and projected budget from 2010 onwards