“SAPTCO” signs a contract for a public transport project by buses in Taif, worth 88 million riyals

The Saudi Public Transport Company “SAPTCO” announced the signing of a contract for a public transport project by buses in the city of Taif with the Municipality of Taif Governorate, at a value of 88 million riyals (15% value-added tax included).

The company said in a statement on “Tadawul Saudi Arabia”, today, Monday, that the contract period is 5 years.

She explained that the impact of the contract will be positive on the company’s revenues, starting from the first half of 2023.

The Saudi Public Transport Company (SAPTCO) had announced that it had received a notice of awarding a public transport project by buses in the city of Buraidah and the governorate of Unaizah with the Municipality of Al-Qassim Region for a period of 5 years.

SAPTCO said that the value of the contract amounts to 115 million riyals, including value-added tax (VAT) of 15%.