SAPTCO awarded public bus transport project worth SAR 115 mln with Qassim Municipality

24/10/2022 Argaam

SAPTCO awarded public bus transport project worth SAR 115 mln with Qassim Municipality

Logo of Saudi Public Transport Co. (SAPTCO)

The Saudi Public Transport Co. (SAPTCO) received today, Oct. 24, a notification from Qassim Municipality on awarding a public bus transport project for SAR 115 million (inclusive of a 15% value-added tax) in Buraydah and Unaizah governorates. 

 

The five-year deal does not have any related parties, the statement noted.

 

The project includes operating the public bus transport project in Buraydah and Unaizah.

 

The transaction will have a positive impact on the company's revenues as of H2 2023.

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