Saudi Industrial Service company (“SISCO”) Announces a project awarding between National Water Company and one of SISCO’s portfolio investment in the water sector which is The International Water Distribution Company (“Tawzea”)
| Element List | Explanation |
|---|---|
| Introduction | SISCO Company announces a project awarding notification between the National Water Company and International Water Distribution Company (“Tawzea”), a SISCO’s portfolio company in the water sector, which SISCO owns 50% of the shares. The objective of the project is to operate and maintain the wastewater treatment plants in the cities of Dammam and Khobar. |
| Date of Award | 2023-08-31 Corresponding to 1445-02-15 |
| Project Value | SAR 34,494,400 SAR excluding VAT. |
| Project Details | An operation and maintenance of wastewater treatment plants project, in which Tawzea will operate and maintain wastewater treatment plants in the cities of Dammam and Khobar during the project duration. |
| Related Parties | There are no related parties |
| Additional Information | The Contract Period is 18 months, Financial impact is expected to take place during 4th quarter of year 2023G. And the Company will announce any future developments in this regard at the time and when receiving and signing the final version of the contract by all concerned parties. |
| Attached Documents |  |
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