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Saudi Amiantit subsidiary secures $53M contract for water network maintenance

  • Saudi Amiantit subsidiary secures $53M contract for water network maintenance

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The Saudi Arabian company, Amiantit, has announced that its subsidiary, the International Water Distribution Company (Tawzea), has successfully secured a contract worth 199.48 million Saudi riyals ($53.18 million) from the state-owned National Water Company (NWC), reports ZAWYA.

The contract involves the operation and maintenance of the water network in Makkah and its governorates. As per the company's statement to the Saudi stock exchange on Wednesday, the contract spans over a period of 60 months.

Tawzea, jointly owned by Amiantit and Saudi Industrial Services Company (SISCO), will oversee the execution of this contract. The company's statement also mentioned that any forthcoming developments regarding the contract's signing date will be disclosed in due course.

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