Saudi’s First Water Unicorn: GI Water as a Service

A Historic Milestone for the Water Industry

The global water industry has taken a transformative step forward. GI Water as a Service (WaaS) has officially achieved unicorn status with a valuation of $1 billion following its landmark Series A funding round.

This achievement establishes GI WaaS as:

• The first unicorn in the water sector in Saudi Arabia and the MENA region

• The second unicorn globally in the water industry, following Gradiant

It is not only a financial milestone but also a strong validation of the pay-per-cubic-meter model that is reshaping the way industries and communities access water treatment.

Reinventing Wastewater Treatment Access

Traditional water infrastructure demands heavy investments, long timelines, and permanent facilities. GI WaaS introduces a new approach:

• Decentralized treatment units deployed directly to client sites

• Pay-per-use billing – customers only pay for the cubic meters of water treated

• Scalable and flexible solutions adaptable to industries of all sizes

• Sustainability at the core – water reuse, zero waste, and environmental compliance

This model makes advanced wastewater treatment accessible, affordable, and environmentally responsible.

Backed by Visionary Support

This success was made possible through the visionary leadership and support of Saudi institutions, including:

• The Saudi Water Authority

• The Ministry of Investment

• The National Center for Waste Management (Mawani)

By fostering an ecosystem of innovation, these organizations have laid the foundation for a thriving water-tech sector that advances the goals of Vision 2030.

A Future Shaped by Innovation

With unicorn status, GI WaaS is set to accelerate its mission of delivering flexible, future-ready water solutionsacross key industries—from energy and construction to food processing and hospitality.

This milestone sends a powerful message: the future of water is not limited by infrastructure—it is defined by adaptability, sustainability, and circularity.