Browse
related articles
Minister Yamani signs water facilities and operating services contracts for 3 industrial cities
- Saudi Arabia: Wednesday, October 03 - 2007 at 15:33
- PRESS RELEASE
HE Dr. Hashem Yamani, Minister of Commerce and Industry and Chairman of the Saudi Organization for Industrial Estate and Technology Zones (SOIETZ), has signed contracts with the International Company for Water Distribution (Tawzea) for the management of water services projects benefitting three industrial cities.
This is the first such move in the Middle East. Namely, the projects are:
1.The ROT project for potable water facilities in Jeddah's 1st Industrial City
2.The ROT project for potable, sewage, irrigation, and industrial water in Riyadh's 2nd Industrial City
3.The BOT (Build, Operate, and Transfer) project for potable, sewage, irrigation, and industrial water in Gassim's 1st Industrial City
Minister of Commerce and Industry Dr. Yamani said the projects are in line with SOIETZ's strategy to privatize water services within the industrial cities to become integrated entities, adding that more water contracts for industrial cities in Dammam and Al-Ahsa are on the way. SOIETZ is currently revamping operations within the industrial cities in the hopes of modernizing services.
Attending the signing was Dr. Tawfiq Al-Rabiah, General Manager of SOIETZ. "The signing of the water services privatization contracts is part of a grand plan we are implementing at SOIETZ to upgrade services within industrial cities in the hopes of overcoming obstacles faced by industrialists and creating model industrial zones," commented Dr. Al-Rabiah. "With today's signing we are embarking on a major regional undertaking for the future of our nation, and as such I am pleased to witness the gradual evolution of our industrial cities as they develop their infrastructure to meet the growing needs of local industries," added Dr. Al-Rabiah.
The International Company for Water Distribution (Tawzea) is one of the first national companies to provide water services and facilities management in a comprehensive and integrated method. It is a 50/50 percent joint venture between AmiWater, a subsidiary of the Saudi Arabian Amiantit Company specialising in water management projects, and the Saudi Company for Industrial Services CISCO. The new company combines AmiWater's global expertise in water management projects, and CISCO's expertise in services management in industrial cities. While at the present time the focus is on providing these services in the industrial cities, Tawzea looks forward to expanding the company's future in the management of water services to include the residential and industrial sectors.
Accordingly, Tawzea plans to offer its services in the area of BOT water, water treatment and sewage systems, and the company is also planning to expand its range of operations to include gas distribution networks and residential networks within cities.
For his part, Mohamed Al-Rehaily, CEO of Tawzea estimated the construction and operating costs of these projects to exceed $800 million during the 30-year contract life span. Tawzea will meet all the water needs of the 1st Industrial City in Jeddah, the 2nd Industrial City in Riyadh, and the 1st Industrial City in Gassim covering the water system, irrigation, sewage and industrial water treatment.
The International Company for Water Distribution (Tawzea) is a leading Saudi company providing water services and facilities management in a comprehensive manner. Tawzea is a partnership equally divided between AmiWater, a subsidiary of the Saudi Arabian Amiantit Company specializing in water management projects.
Also consider reading:
Browse
related articles
- » Qatari Diar announces joint venture with Deutsche Bahn to develop Qatar's railway network
- » The office sector in the GCC still experiencing strong growth, according to new research
- » Emaar merger talks 'done in one month'
- » Gold demand remains robust as economic conditions improve
- » Dubai Electricity and Water Authority establishes first Dubai Carbon Centre of Excellence across Middle East
Notes and media contacts
The Saudi Arabian Amiantit Company was established in 1968 at Dammam as a limited liability company and was converted into a joint stock company in 1994. It started with a paid-up share capital of one million US$ , which is currently standing at US$ 308 million. Its shares are traded on the Saudi Stock Exchange. The prime activity of the company is to initiate and manage new industrial projects, and market its technologies and products. The company also monitors and controls the business of all the Amiantit Group subsidiaries through its corporate management office in Dammam, Saudi Arabia.The Amiantit Group is a leading industrial organization with global strength and is comprised of companies in the Kingdom and abroad that manufacture various kinds of pipes, joints, fittings, tanks, rubber products and related accessories. Other activities include own and transfer technology, and water project consultancy and management all around the world.
For further information please contact:
Assim L. Alhakeem
Saudi Arabian Amiantit Company
Mobile: +966 5030 1133 2
Fax: +966 2 - 651 6149
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
Posted by Medilyn Manibo, Assistant News Editor
