Amiantit and Cisco Joint Venture
29 June 2007
THE INTERNATIONAL COMPANY FOR WATER DISTRIBUTION (TAWZE'A) WINS MAJOR CONTRACTS FOR INFRASTRUCTURE PROJECTS IN THREE SAUDI INDUSTRIAL CITIES
The International Company for Water Distribution, Tawze'e, a 50/50 percent joint venture between Amiantit and CISCO, has been awarded three water management contracts for BOT (Build, Operate, Transfer) projects by the Saudi Organization for the Industrial Cities and Technical Areas.
The total value of the three award wins, including structural and operational costs, is approximately 3 billion Saudi Riyals (US$ 799,930,281) over the 30-year time period of the contracts. The official signing ceremony is scheduled to take place next month.
The first of the contract awards is for the operation, management and maintenance of water supply and sewage facilities in the Second Industrial City in Riyadh and First Industrial City in Qassim, both located in the Central Province of Saudi Arabia.
The second contract is for operation, management and maintenance of water supply and sewage facilities in the First Industrial City in Jeddah, Saudi Arabia's main port city and commercial hub, located in the Western Province.
In addition to its Tawze'e joint venture with CISCO, the Amiantit Group, through its Jeddah-based AmiWater holding company, owns a number of internationally renowned subsidiary companies that are leading specialists in consultancy, development, engineering and turnkey services for complete water infrastructure projects.
These companies have the expertise, technology and engineering skills to provide complete systems solutions on a global scale and are currently operating projects in Eastern Europe, Russia, Turkey, Greece, Africa, India, Indonesia and Thailand.
Founded in 1968 in Dammam, Saudi Arabia, the Amiantit Group is today a global industrial organization whose core activity is the manufacture of a wide range of pipe products in various materials for a large number of applications that include water supply, sewage disposal, irrigation networks, and the oil and natural gas industries.
With 34 manufacturing facilities strategically located around the globe and sales offices or representatives in more than 45 countries, Amiantit is one of the world's biggest manufacturers of pipes and accessories, and a leader in the research, development, ownership and licensing of pipe manufacturing technologies that are a key factor in Amiantit's global success.
