National Water Co. awards $95.4mln contract to manage Riyadh water services
Contract awarded to Alkhorayef Group and France's Veolia
Water treatment plant. Image used for illustrative purpose.
By Staff Writer, Arab News
RIYADH: Saudi Arabia’s National Water Company has awarded a seven-year contract to manage water services and environmental treatment in Riyadh to a consortium of Alkhorayef Water and Power Technologies and France’s Veolia, Argaam reported.
The SR358 million ($95.4 million) contract is tied to 14 main indicators, including improving and developing the customer experience, raising operational efficiency through cost savings and reducing water losses, and improving network management, according to a statement by the Saudi Press Agency (SPA).
Management contracts are one of the main pillars to improve the sector and prepare it for full privatization, said National Water Company CEO Mohammed Al-Mowkley.
NWC has completed 92 percent of its project to restructure the 13 administrative regions into six sectors, and as of November 2021, the process will be complete when the northern sector has been created, he said.
Management contracts to improve the performance of the sector’s services will all have been awarded by the end of 2021, he said.
If the targets are achieved after the third year of the contract, the National Water Company will be able to move directly to the stage of concession contracts, in which the private sector will take full responsibility for water services, and not wait until the seven years are over, he said.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW