Vinci in Saudi Arabia Water Venture Contracts Worth $179 Million

Vinci SA (DG), Europe’s biggest builder, said it won contracts worth at least 110 million pounds ($179 million) in a venture with Al Muhaidib Contracting Co. from Saudi Arabia’s National Water Co. for a water-storing reservoir and treated effluent lifting station.

The infrastructure upgrades in the Saudi kingdom are part of a water initiative by the government that in this case includes a two-year storage project and station that will collect treated wastewater from existing plants in an underground well and pumping station, Vinci Construction UK, part of the Paris-based parent company, said in a statement.

The National Water Co. “has embarked on a robust program to improve and develop the water and wastewater services in major cities in the kingdom which include Riyadh, Jeddah, Mecca and Taif,” its chief executive officer, Loay Al-Musallam, said in the statement.

The contracts are for work on the Briman strategic water reservoir and the Al Khumra lifting station, according to today’s statement.

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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