Saudi Public Transport Company (Saptco) has signed a contract worth more than SR150 million ($40 million) with the Eastern Province Municipality for a major public bus transport project.
The project will be implemented in Dammam City and Al Qatif governorate within a period of five years, said Saptco in its filing to the Saudi Stock Exchange (Tadawul).
The project is expected to have a positive impact on the company’s revenues during the first half of 2022, it added.
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