Business

Manila Water wins major contract in Saudi Arabia

A consortium led by France’s Saur Group and Manila Water Co. has been awarded a seven-year service concession contract in the northwest part of Saudi Arabia.

The contract, which has the potential to extend to a 25-year deal, will cover the cities of Medina and Tabuk.

Miahona Co. is also part of the consortium that won Saudi Arabia’s first water infrastructure privatization deal.

The contract entails the management, operations and maintenance of the water and wastewater facilities of the north west cluster to provide essential service to 3.5 million people.

Part of the contract is the provision of 15,000 kilometers of water pipeline networks, 50 drinking water production plants, 10 wastewater treatment plants and 622 boreholes.

Saudi Arabia has been facing challenges in its water supply. The quality of service remains inadequate due to lack of reliable renewable sources and overconsumption.

Manila Water closed two centavos higher Friday at P15.52.

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