SAWEA water and wastewater mission visits Japan

A Saudi water and wastewater related business delegation visited Kobe, Osaka and Matsuyama recently.
Updated 20 June 2016

SAWEA water and wastewater mission visits Japan

A Saudi water and wastewater related business mission, headed by Nidhal S. Al-Dossary, president, Saudi Arabian Water Environment Association (SAWEA), Dammam, recently toured Kobe, Osaka and Matsuyama. The purpose of this mission is to receive information on state-of-art and cutting-edge technologies for water and wastewater treatment in Japan.
SAWEA is a non-profit organization started on Jan. 1, 2012 by a group of predominantly professionals within Saudi Aramco working in Saudi Arabia in water and wastewater treatment. The objective of SAWEA is to preserve and enhance water quality in Saudi Arabia and the world.
First day, the participants visited the Center for Membrane and Film Technology in Kobe University and this center embrace full range of the research and development on high functional membrane and films to latest processes for producing them.
Second day, the participants visited three plants, Higashi Water Environmental Center for wastewater treatment, Tobu Sludge Center for sludge management and Water control center of Kobe City Waterworks Bureau.
At first, the participants visited the Higashi Water Environmental Center for wastewater treatment.
Secondary, the participants visit the Tobu Sludge Center that is fluidized bed incinerator for sludge volume reduction.
At the end of the day, the participants visited Water Control Center of Kobe City Waterworks Bureau.
Third day, the participants traveled to Matsuyama to visit Ehime plant of Toray Industries Inc.
Fourth day, the participants visited Kubota (Hirakata Plant) and Green Front Sakai. Kubota was well-known as a wide variety of products in water and wastewater field.
After visiting Kubota, the participants moved to Advanced Treated Water Recycle Center in Green Front Sakai City.
Final day, the business mission was closed to have B2B meetings with Japanese companies — Sumitomo Corporation, JFE Engineering Corporation, Kubota Corporation, Mitsubishi Rayon Aqua Solutions and Toyobo Co., Ltd.


SRC signs SR250m refinancing deal with Bank Aljazira

Updated 29 January 2020

SRC signs SR250m refinancing deal with Bank Aljazira

The Saudi Real Estate Refinance Company (SRC), a subsidiary of the Public Investment Fund (PIF), announced that it has signed a mortgage portfolio acquisition agreement with Bank Aljazira, in the presence of Minister of Housing and Chairman of SRC Majed Al-Hogail.

SRC will refinance SR250 million ($66.7 million) of mortgage receivables with the bank, with subsequent anticipated transactions in the future under the MoU.

The agreement was signed by Fabrice Susini, CEO of SRC, and Nabil Al-Hoshan, CEO and managing director of Bank Aljazira, at a special ceremony held in Riyadh. 

Susini said: “Today’s agreement with Bank Aljazira reinforces our commitment to providing lenders with liquidity while developing innovative finance solutions, and in doing so we help our citizens to climb the housing ladder.” 

Portfolio acquisitions such as these will help us ensure that we are able to refinance at least around 10 percent of the market by the end of 2020, and 20 percent of the market by 2028.” 

Al-Hoshan said: “Since 2008, Bank Aljazira invested in the mortgage business and increasing its portfolio year on year which resulted in being one of the leaders in real estate finance market. We will continue our strong leadership in the real estate finance industry, and our commitment to customers is strengthened and improved by this transaction with SRC. I am especially proud that Bank Aljazira and SRC have joined hands to accelerate the mortgage ecosystem which will provide innovative solutions for the citizens.”