SAPTCO awarded SAR 93 mln project to operate bus network in Jazan

25/04/2023 Argaam
Logo ofaudi Public Transport Co. (SAPTCO)

Logo of audi Public Transport Co. (SAPTCO)

Saudi Public Transport Co. (SAPTCO) received a notification of a project award from Jazan Municipality to operate the public transport bus network in Jazan governorate (Jazan - Sabya - Abu Arish) for five years.

 

In a statement to Tadawul, SAPTCO said the project value is SAR 93 million (including 15% value-added tax).

 

The project will have a positive impact on the company's revenues from H2 2023, the statement said, adding there are no related parties to the deal.

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