2005 - 2006 - Pinsent Masons Water Yearbook 2012

SAUDI ARABIA PART 3 (ii): COMPANY ANALYSIS: LOCAL/REGIONAL PLAYERS
Saudi Arabia
Saudi Arabian Amiantit Company
The Saudi Arabian Amiantit Company (SAAC) was founded in Dammam, Saudi Arabia in 1968. It
specialises in manufacturing piping products for water, liquids, oil and industrial applications. Water
and wastewater operational contracts have been developed through its subsidiary AmiWater, which
has acquired 100% of the equity of AquaMundo. Amiantit seeks to become one of the top ten leading
companies in the world that provide drinking water and waste water services. AmiWater has three
principal subsidiaries: AquaMundo GmbH (Germany), InfraMan GmbH (Austria) and OMC (Thailand).
In February 2005, AmiWater formed Tawazee, a joint venture with Saudi Industrial Services (SISCO)
for water service contracts in industrial cities in Saudi Arabia. They are currently bidding for water
service contracts for First Industrial City, Jeddah and Second Industrial City, Riyadh,
Inframan
InfraMan GmbH, a subsidiary of the AmiWater Group is responsible for the provision of services in
operation and management of water supply companies. InfraMan is based in Austria, providing
management services for water supply, sanitation services, and hydropower.
Amiantit, populations served
Country Water Sewerage Total
Romania 200,000 0 200,000
Albania 477,000 25,000 477,000
Montenegro 150,000 150,000 150,000
Russia 250,000 250,000 250,000
China 0 400,000 400,000
Total - home markets 0 0 0
Total – international 1,077,000 825,000 1,477,000
Grand Total 1,077,000 825,000 1,477,000
Amiantit claims to serve 5 million people globally, although details of other projects are not currently
available. According to Amiantit in 2004, AmiWater is already operating or developing projects in
Albania, Italy, Moldova, Russia, Kyrgyzstan and Thailand, along with projects that are under
development in Azerbaijan, Indonesia, India, China, Romania, Ukraine, Peru and Guatemala
Russia
Two 25 year joint ventures were announced in 2003. In each case, Inframan holds 51% of the
project’s equity and is responsible for managing the water and wastewater services.
2003 Balashicha 25 year, O&M 150,000 water & wastewater
Revenues for the contract will be US$20 million. The town’s population increases to 250,000 during
the summer as a holiday destination.
2003 Dimitrovgrad 25 year, O&M 100,000 water & wastewater
This contract has a budget of US$10 million and includes extending the water distribution system for
an additional 12,000 people.
316 Pinsent Masons Water Yearbook 2005 – 2006