Modon awards water distribution contract to TAWZEA

06/12/2017 Argaam

 

The Saudi Industrial Property Authority (MODON) has awarded a contract to improve and manage the water utility services in Jeddah 2nd & 3rd industrial cities to Saudi International Water Distribution Company (TAWZEA).

 

The duration of the contract is five years, extendable to 25 years as of the execution date, Saudi Arabian Amiantit Company and Saudi Industrial Services Company (SISCO) – which jointly own TAWZEA – said in statements to Tadawul on Wednesday.

 

Total revenue is expected at SAR100 million over a period of five years.

 

Financial impact will appear on the two companies’ results by the end of Q1 2018, Amiantit and SISCO said, adding that the contract will be self-financing. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.