Saudi Amiantit Subsidiary Signs Water Technology Deal With Libya
Saudi Arabian Amiantit Company announced on Sunday that one of its subsidiaries has signed a three-year agreement with Libya’s Government of National Unity. The deal focuses on cooperation in water treatment and water infrastructure projects across Libya.
The agreement is a memorandum of understanding (MoU), which means it is not legally binding but shows intent to work together. It was signed by Amiantit’s German subsidiary, PWT Wasser Und Abwasser Technik GmbH, and Libya’s Council of Ministers, which represents the Tripoli-based government.
Under the MoU, the two sides will share knowledge and technical expertise to design and build modern water facilities. These include drinking water treatment plants that meet international standards, wastewater treatment systems, and sludge processing facilities. The projects will use advanced and modern technologies.
The agreement also covers desalination projects, which turn seawater into clean drinking water. These systems will use reverse osmosis membranes and hybrid technologies, which are efficient and widely used around the world.
In addition, the partnership will work on solutions to treat industrial waste, highly salty water, and polluted water. Amiantit’s subsidiary will provide modular and container-based water treatment systems. These systems can be installed quickly and are suitable for urgent or remote projects.
The MoU also includes plans to operate and maintain water facilities once they are built. At the same time, local Libyan workers will receive training so they can manage the facilities independently in the future. The company will transfer technical knowledge to Libyan engineers and technicians through training programs and workshops.
Other parts of the agreement include conducting feasibility studies for future projects and offering professional training programs to help build local skills in Libya’s water sector.
This agreement comes at a time when Libya is trying to rebuild its infrastructure after many years of conflict and instability. Water systems in many parts of the country were damaged or neglected during the fighting, making clean water access a major challenge.
Earlier this year, Saudi Amiantit also signed another agreement with Libya’s Development and Reconstruction Fund. That deal focused on technology transfer and the manufacturing of pipes, showing the company’s growing involvement in Libya’s rebuilding efforts.
Amiantit Financial Performance
In terms of financial results, Saudi Amiantit reported a net loss of $3.9 million (SAR 14.7 million) for the first nine months of 2025. This was a big change from the same period in 2024, when the company reported a profit of $131.2 million (SAR 492.3 million).
The company explained that last year’s profit was mainly due to a one-time accounting gain. In 2024, Amiantit recorded a gain of $170.3 million (SAR 639 million) after settling 77% of its bank debt.
For 2025, revenues fell by 14.8% to $139.1 million (SAR 521.8 million). The company said this drop was mainly caused by lower sales volumes and delays in orders. Some large customers requested that their orders be rescheduled, which affected overall revenue.
Despite current financial challenges, Amiantit continues to focus on long-term growth opportunities, especially in infrastructure and water-related projects in the region.
Published: 15th December 2025
For more article like this please follow our social media Twitter, Linkedin & Instagram
Also Read:
Danube sells out Shahrukhz Tower worth $571.8M on launch
Sultan Al-Otaibi on Taiba’s rise amid Saudi tourism boom
ADCB Raises $1.7B in Record Rights Issue on High Demand
