Amiantit Announces Project Awarding to Consortium in which one of Affiliate Companies Participates

Saudi Arabian Amiantit Company announced on Sunday the awarding of a project to a consortium in which one of the affiliate companies participates, “International Water Distribution Company Limited” (Tawzea), Saudi Arabian Amiantit Company owns 50% of the capital, and the objective of the project is to manage, operate and maintain water and environmental treatment services in the northern sector for the Kingdom of Saudi Arabia by the National Water Company.
The consortium consists of three companies (Aqualia Spain Co., Tawzea Co. And Alhaj Abdullah Ali Riza Co. “HAACO”).
The date of award is 18.08.2022. The project value is SR400,162,000. A contract of management, operation and maintenance, through which the consortium Company will manage the operation and maintenance of water and environmental treatment services in the northern sector by raising operational efficiency, technical knowledge, quality and availability of services and maintenance requirements in the sector. The sector serves 4 regions in the north of the Kingdom of Saudi Arabia, and Tawzea owns 39% of the project’s company to implement the contract.
There are no related parties and the duration of the contract is seven years.
The company will announce when the contract is signed, the financial impact, and any future developments in this regard at the time.