National Water Company (NWC) announced in a statement that it has signed two contracts with the private sector to manage the operation of water and environmental treatment services in the Central and Eastern clusters.
The total cost of the contracts between NWC and the two alliances is 579 million Saudi riyals.
The Contract was awarded to Joint Venture of Alkhorayef Water and Power Technologies, Saudi Arabia and Veolia Company of France.
The value of the contract is SAR 358 million.
The Contract was awarded to Consortium consist of Saudi Arabia’s “Miahona”, France’s Saur Group, and Philippine’s “Manila Water”.
The value of the contract is SAR 221 million.
NWC CEO said the company is now working on awarding management contracts for the remaining clusters, namely Western, Southern and Northern ones, which will be completed by the end of December 2021, and that the alliances that will win these contracts will be announced in due course.
The duration of the contract period is 7 years.