23-02-2025
4 months ago

Saudi GI WaaS Surpasses $1 Billion Valuation Following Series A Funding

Revolutionizing the Water Sector with Innovative Solutions
GI WaaS, a subsidiary of GI Aqua Tech, has reached a valuation exceeding $1 billion after successfully closing its Series A funding round. The round saw significant participation from Al Zamil Industry, Trade and Transport and Al-Qunaibit Investment Fund.

Pioneering a Pay-Per-Use Model in Wastewater Treatment
GI WaaS is transforming the water industry with its pay-per-cubic-meter model, offering decentralized wastewater treatment solutions designed for both industries and communities. Through its proprietary G-NANO technology, the company delivers mobile and fixed wastewater treatment plants, ensuring cost-effective and high-efficiency water recycling.

Driving Sustainability and Future Expansion
This innovation not only promotes environmental sustainability but also enhances quality of life while reducing reliance on traditional infrastructure. The newly secured investment will support the company's expansion across Saudi Arabia, the development of new solutions, and ongoing advancements in wastewater management. With this milestone, GI WaaS has emerged as the first unicorn in the MENA region’s water services sector, solidifying its leadership in sustainable water management.