Tawzea in a consortium with Lantania has signed a contract with Neom for Al-Badaa Water Recycling Plant Enhancements Project

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Tawzea in a consortium with Lantania has signed a contract with Neom for Al-Badaa Water Recycling Plant Enhancements Project

Sustained Infrastructure Holding Co. (SISCO Holding) is pleased to announce the signing of a Contract between the International Water Distribution Company, one of SISCO’s investments in the water sector, and Neom for a project to enhance and develop a water recycling plant in the Al-Badaa area

Element ListExplanation
IntroductionTawzea in a consortium with Lantania has signed a contract with Neom for Al-Badaa Water Recycling Plant Enhancements Project.
Date of Announcement of the Award2024-07-15 Corresponding to 1446-01-09
Contract Subject MatterWater Recycling Plant Enhancements Project in Al-Badaa
The Entity with Which the Contract was SignedNeom
Date of Signing the Contract2024-07-15 Corresponding to 1446-01-09
Contract ValueSAR 316,215,726 SAR excluding VAT
Contract DetailsTawzea in a consortium 50% with Lantania will do Engineering, Procurement, Construction, Testing & Commissioning Al-Badaa Water Recycling Plant Enhancements Projects, Interim Biosolids Treatment Facility, and Interim Innovation Centre and Biosolids Demonstration Center.
Contract Duration24 months
Financial Impact and the Relevant PeriodFinancial impact is expected to take place during 4th quarter of year 2024.
Related PartiesThere are no related parties
Attached Documents
16 / 07 / 2024 General