Amiantit wins $50 million water management contract in Romania
Saudi Arabian Amiantit is the leader of a consortium that has won the international tender for a water management project in Romania worth over 180 million Saudi riyals ($50 million). This project will be financed by a number of international institutions.
The Zetea water supply system is the first public and private participation Design, Building, Operation, and Transfer (DBOT) infrastructure project of its kind in Romania and consists of water intake from an existing 14 million cubic meters lake, a water treatment plant, a 137-kilometer pipeline, and connections to the distribution tanks.
The system will supply high quality potable water to more than 200,000 people. Project implementation will start in the spring of 2004 and the water supply system is expected to be completed within three years. Amiantit already has ductile iron pipe manufacturing facilities in Romania, where the company produces its own raw material.
“This is one of a number of recent contract wins by Amiantit for water management projects in various countries round the world.” said Fareed Al-Khalawi, CEO and managing director of Saudi Arabian Amiantit Company. “In addition, we are negotiating other BOT and concessions water management contracts in the Middle East and in South and West Asia.”
Amiantit provides drinking water and wastewater solutions to people in different countries around the globe. Through its subsidiary AmiWater, the company is already managing water projects that serve more than four million people in the industrial countries as well as the developing ones.
Jeddah-based Amiwater is a holding company that provides solutions for water management projects. AmiWater provides services ranging from modernization and rehabilitation of water supply and wastewater disposal networks to consultancy engineering and operation of water systems on BOT or concession basis.
Amiantit was established in 1968 at Dammam and is a joint stock company with a paid-up share capital of SR700 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. — (menareport.com)
© 2003 Mena Report (www.menareport.com)