Riyadh – Mubasher: The International Water Distribution Company (Tawzea), a subsidiary of Sustainable Infrastructure Holding Company (SISCO Holding), has signed a contract with Neom to develop the Al-Badaa water recycling plant.
The deal has a value of SAR 316.21 million and a term of 24 months starting in the fourth quarter (Q4) of 2024, according to a press release.
Tawzea is set to partner equally with Spanish water and environmental systems company Lantania to implement contracted works, which include engineering, procurement, construction, testing, and commissioning at the Al-Badaa projects
The contract also includes developing an interim biosolids treatment facility, an interim innovation centre, and a biosolids demonstration centre.
Khalid Suleimani, Group CEO of SISCO, commented: “By leveraging our expertise alongside Lantania’s specialised capabilities, we aim to deliver a state-of-the-art facility that will not only enhance water recycling and treatment but also contribute to the broader vision of environmental stewardship in the kingdom.”
Mohammed Halawani, CEO of Tawzea, stated: “This endeavour involves constructing a cutting-edge bio-solids treatment facility and innovation centre to pilot advanced wastewater and bio-solids (sludge) treatment and recovery technologies. The project is a collaboration between Neom’s ENOWA and the Tawzea-Lantania JV."
In 2023, SISCO Holding’s net profit surged to SAR 71.20 million from SAR 36.70 million in 2022.
