Corporate announcement — 25 February 2026
CITIC Holding IF Group LLC has announced a senior secured participation in the financing of the Amiral Industrial Wastewater Treatment & Reuse Project in Jubail Industrial City 2, Saudi Arabia.
The USD 500 million figure refers to the overall project financing, rather than the amount of CITIC’s individual participation. The facility is intended to support the Amiral petrochemical complex and the surrounding industrial cluster through wastewater treatment and reuse, with an annual treatment capacity of approximately 8.8 million cubic metres.
The corporate release describes a non-recourse structure with a dedicated project vehicle and long-term operating arrangements. Avocom advised CITIC, with a team led by Francesco del Bene and tax support from Andrea M. Vitali.
Read the original press release — English and Italian (PDF)
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