Saudi Arabian Amiantit Company (Amiantit), a major diversified industrial group, has announced that one of its affiliates, as part of a consortium, has been awarded a contract to manage, operate and maintain water and environmental treatment services in the northern sector of Saudi Arabia.
According to a filing to the Saudi Stock Exchange Tawadul, International Water Distribution Company (Tawzea) (which is 50% owned by Amiantit), along with its consortium partners Aqualia Spain Company and Alhaj Abdullah Ali Riza Company (HACCO) has secured a $106.16 million contract awarded by the National Water Company.
The seven-year contract, which is yet to be signed, will see the consortium manage the operation and maintenance of water and environmental treatment services in the norther sector of the Kingdom by raising the operational efficiency, technical knowledge, quality and availability of services and maintenance requirements in the sector. The sector serves four regions in the north of Saudi Arabia, it added.
Tawzea specialises in the management of concessions and the operation and maintenance of water and wastewater facilities. It owns 39% of the project’s company to implement the contract, Amiantit added.