SAPTCO awarded public bus transport project worth SAR 115 mln with Qassim Municipality

24/10/2022 Argaam
Logo of Saudi Public Transport Co. (SAPTCO)

Logo of Saudi Public Transport Co. (SAPTCO)

The Saudi Public Transport Co. (SAPTCO) received today, Oct. 24, a notification from Qassim Municipality on awarding a public bus transport project for SAR 115 million (inclusive of a 15% value-added tax) in Buraydah and Unaizah governorates. 

 

The five-year deal does not have any related parties, the statement noted.

 

The project includes operating the public bus transport project in Buraydah and Unaizah.

 

The transaction will have a positive impact on the company's revenues as of H2 2023.

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