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Veolia wins landmark Saudi water deal

Paris, April 29, 2008

France's Veolia Water on Tuesday said it won a contract for water production and distribution and waste water collection in Riyadh, in what the company said was the first such Saudi contract awarded to a private operator.

The six-year deal will have estimated total revenues of only 40 million euros ($62.64 million), but may lead to further deals for Veolia, the world's biggest water company, in Saudi Arabia.

The kingdom said last month it needed to spend around $60 billion over the next 20 years to meet its surging water needs.-Reuters




Tags: Water | Saudi | Veolia | contract |

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