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A consortium led by China's United Water Technology has won a SAR203 million (USD54.1 million) bid for a wastewater treatment project in northern Saudi Arabia. The project involves upgrading nine treatment plants and ensuring compliance with national standards over 15 years. United Water will oversee operations and design, while local partners handle construction and finance. This initiative aligns with Saudi Arabia's National Water Strategy 2030 and marks United Water's entry into the Middle Eastern market, potentially paving the way for further expansion in South Asia and Southeast Asia. Shares of United Water rose 1.1% following the announcement.
Jiangxi Hongcheng Environment Co Ltd :SAYS SUBSIDIARY WON BID FOR WASTE WATER TREATMENT PROJECT WORTH 853.0 MILLION YUAN ($120.65 million)($1 = 7.0701 Chinese yuan renminbi)
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