Veolia signs three agreements in Saudi Arabia on water and waste
Veolia announced on September 1st, 2026 the signing of three memoranda of understanding in Saudi Arabia, covering water technologies and hazardous waste management.
These partnerships are concluded with three industrial players in the Kingdom and are part of the objectives of Saudi Vision 2030.
Three industrial partners for water and hazardous waste
The environmental services group signed three separate memoranda of understanding with Acwa, a private water desalination company, Ma'aden, a player in the Saudi mining industry, and Khazeen, a subsidiary of GASCO specializing in liquefied petroleum gas (LPG) storage.
These agreements establish a framework for enhanced cooperation in water technologies and hazardous waste treatment. They are presented as aligned with the objectives of Saudi Vision 2030 in terms of resource preservation, circular economy and decarbonization.
Veolia has been present in Saudi Arabia since 1975 and operates notably in Jubail, an industrial complex where the group treats industrial wastewater from petrochemical companies.
Desalination with Acwa, water cycle with Ma'aden, LPG with Khazeen
The agreement with Acwa aims to improve the design performance of seawater desalination plants: energy efficiency, optimization of chemical solutions usage and improvement of water quality. The current capacity of Acwa's projects is 9.7 million m³ per day. According to Veolia, the potential reduction in emissions from this collaboration could reach 500,000 tonnes of CO₂ per year.
With Ma'aden, the memorandum covers water cycle management and industrial waste in the mining sector, in particular through treatment and reuse of industrial water.
The agreement signed with Khazeen provides for the deployment of industrial water treatment technologies and hazardous waste management, as well as the development of an integrated facility management offering for water, energy and waste management intended for Khazeen's customers.
A signing in a context of stock market decline
These agreements come as Veolia shares declined in late August 2026. On August 27th, 2026, the share price was trading at levels not seen in several months, bringing the monthly loss to nearly 10%.
The group, which achieved consolidated revenue of 44.4 billion euros in 2025, presents these partnerships as an extension of its GreenUp strategic program.
