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SAUDI ARABIAN AMIANTIT SUPPLYING PIPES FOR COLORADO RIVER PROJECT IN ARGENTINA FOR SAR 78 MILLION Long-term order prospects for network that will supply drinking water to 500,000 people Dammam, July 2003 – Amitech Argentina, a subsidiary of Saudi Arabian Amiantit Company has supplied approximately 100 kilometers of pipes for the Colorado River waterline flow project in La Pampa province of Argentina. The total order was for 140 kilometers of pipes with diameters ranging from 900 to 1200 millimeters. Amitech Argentina was the main supplier with 70%, worth over SAR 78 million, while Petroplast supplied the remaining 30% of the pipes, which are already installed and in the process of hydrostatic testing. A consortium comprised of Techint and Skanska, the two largest construction companies in Argentina, are providing installation services for the project. “While the Kingdom continues to be our biggest market, Amiantit’s diversified manufacturing base is enabling us to win substantial amounts of business in other countries. We are supplying Saudi-owned manufacturing technology and products of the highest quality that are carrying the good name of Saudi Arabian Amiantit – and with it the good name of our nation – all around the world,” said Fareed Yousuf Al Khalawi, Managing Director and President of Saudi Arabian Amiantit Company. “In addition, our expansion into design, building, operation and transfer projects for water supply and wastewater disposal is making life better for people in many developed and underdeveloped countries by providing essential services along with local employment opportunities.” There are medium and long-term prospects of further contract awards in the Colorado River project. After the present phase is completed in August 2004 a second stage is planned that will extend the network to General Pico City, subject to Argentine government prioritizations, budget approvals, and contract negotiations. The entire water consumption project consists of water intake from the Colorado River and a water treatment plant at Pichi Mahuida, 5 pumping stations along the waterline’s route, and 1030 kilometers of pipelines of which 400 kilometers are trunk lines. When completed, the network will supply potable water to 35 locations in La Pampa province, including its capital city Santa Rosa and other main cities with a total 500,000 inhabitants. |






