Saudi Industrial Service company (“SISCO”) sign off Contract for Operation and Maintenance between National Water Company and one of SISCO’s portfolio investment in the water sector which is The International Water Distribution Company (“Tawzea”)
In reference to the company’s announcement of a project awarding on 12/03/1445H corresponding to 27/09/2023, SISCO announces the signing off a contract between the National Water Company and Tawzea (one of SISCO’s portfolio investments in the water sector). the objective of the project is to operate and maintain the water network in Makkah and its governorates.
Date of Announcement of the Award
2023-09-27 Corresponding to 1445-03-12
Contract Subject Matter
Operation and maintenance of the water network in Makkah and its governorates
Date of Signing the Contract
2023-11-23 Corresponding to 1445-05-09
Contract Value
SAR 199,476,500 SAR excluding VAT.
Contract 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.
Contract Duration
60 months
Financial Impact and the Relevant Period
Financial impact is expected to take place during 1st quarter of year 2024.
Related Parties
There are no related parties
Additional Information
Tawzea received the Agreement after it was signed by all parties on Monday 20-05-1445H corresponding to 04-12-2023
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