| Work Detail |
The 24-month contract is valued at $84.25mln
A joint venture between International Water Distribution Company (Tawzea), a subsidiary of Sustainable Infrastructure Holding Company (SISCO) and Lantania, a Spain-based water and renewable energy company, has signed a contract with NEOM to develop the Al-Badaa water recycling plant.
The 24-month contract is valued at 316 million Saudi riyals ($84.25 million), the company said in a statement to the Saudi stock exchange on Tuesday.
The equally owned joint venture will focus on the engineering, procurement, construction, testing, and commissioning of the Al-Badaa project. The contract will also include the development of an interim biosolids treatment facility, an interim innovation centre, and a biosolids demonstration centre.
SISCO and Saudi Arabian Amiantit Company each own a 50 percent stake in Tawzea. |
