‎“SAPTCO” signs a contract to operate public transport bus ‎network in Jazan, at a value of SR93 mln

Saudi Public Transport Company “SAPTCO” announced the signing of a contract for a project to operate the public transport network by buses in the Jazan metropolis (Jazan – Sabya – Abu Arish) with the Municipality of Jazan Region. The value of the contract is 93 million riyals (including 15% value-added tax), for a period of 5 years.

The company said in a statement today on “Tadawul” that the impact of the financial contract will reflect positively on revenues, starting from the second half of 2023 AD.

The company noted that she had previously announced on 27 / Ramadan / 1444 AH corresponding to 18 / April / 2023 AD, that it had received a notification of awarding a project to operate the public transport network by buses in the metropolis of Jizan (Jazan – Sabya – Abu Arish).