Miahona expects the financial impact of Uzbekistan project to be positive once operations begin in Q1 2027
Miahona Co. announced the signing of a public-private partnership (PPPA) agreement with Uzbekosuvtaminot JSC on June 18,L, for a water treatment plant project in the Zamin area of the Jizzakh region in Uzbekistan. The total contract value is SAR 394 million (USD 105 million), Miahona said in a statement to Tadawul. 
The agreement covers the rehabilitation, operation, and maintenance of the Zamin water treatment plant for a period of 25 years, with a treatment capacity of 50,000 cubic meters per day.
The agreement’s effectiveness is subject to the issuance of a government decree for the project in accordance with applicable laws and regulations in Uzbekistan.
The final contract value remains subject to the issuance of the aforementioned government decree, the statement noted.
Miahona aaded that the agreement supports strengthening its initial presence in Uzbekistan’s water sector, while providing long-term contracted revenues aligned with its strategy for expansion and sustainable growth.
The company expects the financial impact of the project to be positive once operations begin, expected in Q1 2027. It also stated it will continue working on other projects included in the development agreement annex and will disclose any material developments in due course in line with relevant regulations.
According to available data, Miahona had signed in September 2024 a development agreement with the Ministry of Investment, Industry and Trade of Uzbekistan and Uzbekosuvtaminot to define cooperation frameworks for developing water and wastewater treatment plants in the Fergana Valley and Jizzakh region. In June 2025, it also signed an addendum to proceed with the second phase of cooperation, including completion of detailed studies for the agreed projects in Fergana and Jizzakh regions.
Miahona expects the financial impact of Uzbekistan project to be positive once operations begin in Q1 2027
Miahona Co. announced the signing of a public-private partnership (PPPA) agreement with Uzbekosuvtaminot JSC on June 18,L, for a water treatment plant project in the Zamin area of the Jizzakh region in Uzbekistan. The total contract value is SAR 394 million (USD 105 million), Miahona said in a statement to Tadawul.
The agreement covers the rehabilitation, operation, and maintenance of the Zamin water treatment plant for a period of 25 years, with a treatment capacity of 50,000 cubic meters per day.
The agreement’s effectiveness is subject to the issuance of a government decree for the project in accordance with applicable laws and regulations in Uzbekistan.
The final contract value remains subject to the issuance of the aforementioned government decree, the statement noted.
Miahona aaded that the agreement supports strengthening its initial presence in Uzbekistan’s water sector, while providing long-term contracted revenues aligned with its strategy for expansion and sustainable growth.
The company expects the financial impact of the project to be positive once operations begin, expected in Q1 2027. It also stated it will continue working on other projects included in the development agreement annex and will disclose any material developments in due course in line with relevant regulations.
According to available data, Miahona had signed in September 2024 a development agreement with the Ministry of Investment, Industry and Trade of Uzbekistan and Uzbekosuvtaminot to define cooperation frameworks for developing water and wastewater treatment plants in the Fergana Valley and Jizzakh region. In June 2025, it also signed an addendum to proceed with the second phase of cooperation, including completion of detailed studies for the agreed projects in Fergana and Jizzakh regions.
