National Water Company (NWC) has announced 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 SAR 579 million.
The contract was awarded to a joint venture consisting of Alkhorayef Water and Power Technologies, Saudi Arabia, and Veolia Company of France. The value of the contract is SAR 358 million.
The NWC CEO stated that the business is currently working on awarding management contracts for the remaining clusters
The contract was awarded to a consortium that consists of Saudi Arabia’s Miahona, France’s Saur Group, and Philippine’s Manila Water. The value of the contract is SAR 221 million.
The NWC CEO stated that the business is currently working on awarding management contracts for the remaining clusters, which will be concluded by the end of December 2021, and that the alliances that will win these contracts will be disclosed in due course.
The duration of the contract period is seven years.