Project awarding between National Water Company and The International Water Distribution Company (Tawzea)
SAUDI INDUSTRIAL SERVICE COMPANY (“SISCO”) ANNOUNCES A PROJECT AWARDING BETWEEN NATIONAL WATER COMPANY AND ONE OF SISCO HOLDING’S PORTFOLIO INVESTMENT IN THE WATER SECTOR WHICH IS THE INTERNATIONAL WATER DISTRIBUTION COMPANY (“TAWZEA”)
| Element List | Explanation |
|---|---|
| Introduction | SISCO holding Company announces a project awarding notification between the National Water Company and one of SISCO holding’s portfolio investments in the water sector which is The International Water Distribution Company ("Tawzea"). SISCO holding owns 50% of the shares, and the objective of the project is to operate and maintain the water network in Makkah and its governorates. |
| Date of Award | 2023-09-26 Corresponding to 1445-03-11 |
| Project Value | SAR 199,476,500 excluding VAT. |
| Project Details | An operation and maintenance of the water network, in which Tawzea will operate and maintain the water network in Makkah and its governorates during the project duration. |
| Related Parties | There are no related parties |
| Additional Information | The Contract Period is 60 months, 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. |
