SAPTCO, Qassim Municipality sign SAR 115 mln contract for bus transport project

22/03/2023 Argaam
The signing of the agreement

The signing of the agreement

Saudi Public Transport Co. (SAPTCO) and Qassim Municipality signed on March 21 a public bus-transport project contract, at a value of SAR 115 million (inclusive of a 15% value-added tax).

 

In a statement to Tadawul, the company pointed out that the five-year deal includes operating the public bus transport network in Buraydah and Unaizah governorates.

 

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

 

In October 2022, SAPTCO received a notification from Qassim Municipality on the award of a five-year public bus transport project in Buraydah and Unaizah governorates, Argaam earlier reported.

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