Advertisement

Manila Water and partners bag seven-year deal in Saudi Arabia

A consortium composed of Saur SAS, Miahona Company, and Manila Water Company Inc. bagged a seven-year deal to “manage, operate and maintain” the water and wastewater facilities of Saudi Arabia’s North West Cluster.

Manila Water said in a disclosure to the stock exchange Friday the project involves the management, operations and maintenance of the water and wastewater facilities of Madinah and Tabuk. It entails the implementation of “enabling projects and deployment of key personnel to manage the cluster and achieve the key performance indicators target set by the North West Cluster,” it said.

Manila Water’s partners Saur SAS is the third largest player in the French water distribution and waste water management market, while Miahona is a developer and operator of municipal and industrial water and wastewater assets in the Middle East and North African region.

North West Cluster is the first of six contracts to be awarded to the private sector to improve the quality of water services.

Manila Water, through unit Manila Water Asia Pacific Pte. Ltd., also has water supply projects in Vietnam.

Apart from its operations in Vietnam, Manila Water has associates in Thailand and Indonesia through Eastern Water Resources Development and Management Public Company Limited, a fully integrated water supply and distribution company and PT Sarana Tirta Ungaran, an industrial water supply operation in Indonesia, respectively.

The share price of Manila Water rose P0.020 on Friday to close at P15.52.

Topics: Saur SAS , Miahona Company , Manila Water Company Inc. , Saudi Arabia , North West Cluster
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementGMA-Working Pillars of the House
Advertisement