AMIANTIT’S AMIWATER AND SISCO JOIN FORCES TO ESTABLISH INTERNATIONAL COMPANY FOR WATER DISTRIBUTION

New company will provide water management services for Kingdom’s industrial cities

Dammam, February 2005 - As part of a joint cooperation between AmiWater, a member of the Amiantit Group of Companies, and Saudi Industrial Services (SISCO), a new company has been formed as a 50%-50% partnership called International Company for Water Distribution (Tawzee). The new company will provide water management services for industrial cities in Saudi Arabia.

The establishment of the new company is a logical extension of AmiWater’s worldwide experience in water project management and SISCO’s experience in managing services in the Kingdom’s industrial cities.

Both companies have been selected by the Saudi Industrial Cities and the Technology Regional Commission to provide water services for the First Industrial City, Jeddah, and the Second Industrial City, Riyadh.

Amiantit is one of the world’s biggest manufacturers of pipes for water, sewage petrochemicals applications and in recent years has extended its activities to include consultancy, BOT, operation and management for water infrastructure projects as well as supplies of water, waste water treatment and desalination plants. Jeddah-based AmiWater was formed by the Saudi Arabian Amiantit Company, as a holding company for a number of companies that are among the leading international specialists in water infrastructure projects for both the public and private sectors. This division of Amiantit has the expertise, technology and engineering skills to provide complete systems solutions on a global scale and is currently operating projects in Eastern Europe, Russia, Turkey, Greece, Africa, India, Indonesia and Thailand.

Beside SISCO’s experience in providing support services to Kingdom’s industrial estates, SISCO constructed and currently operating the first re-export zone at Jeddah Islamic seaport with an investment of nearly 200 million Riyals. To provide potable water for Jeddah Industrial Estate, SISCO and partners have formed Kindasa Water Services Co. to build the first private seawater desalination plant in the Kingdom. Operating with a capacity of 14,000 cubic metres a day with the aim to reach 39,000 cubic metres by mid of this year, the produced water is pumped directly to the factories and production units through a pipeline which helps greatly in cutting direct costs.

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