Saudi GI WaaS Surpasses $1 Billion Valuation After Series A Funding
GI WaaS, a subsidiary of GI Aqua Tech, has surpassed a $1 billion valuation after closing its Series A funding round, with participation from Al Zamil Industry, Trade and Transport and Al-Qunaibit Investment Fund.
The company is redefining the water sector with a pay-per-cubic-meter model, offering advanced, decentralized wastewater treatment solutions tailored for industries and communities.
With its proprietary G-NANO technology, GI WaaS provides mobile and fixed wastewater treatment plants, ensuring cost-effective, high-efficiency water recycling. This innovation supports environmental sustainability, enhances quality of life, and reduces reliance on traditional infrastructure.
The investment will drive expansion across Saudi Arabia, the development of new solutions, and continued innovation in wastewater management, solidifying its position as the first unicorn in the water services sector in the MENA region.
