Alkhorayef  Water signs SAR 228 mln water networks contract in Jeddah

17/11/2022 Argaam

Alkhorayef  Water signs SAR 228 mln water networks contract in Jeddah

Logo of Alkhorayef Water and Power Technologies Co. (AWPT)

Alkhorayef Water and Power Technologies Co. (AWPT) signed contracts for the operation and maintenance of water networks in Jeddah with National Water Company (NWC), according to a statement to Tadawul today, Nov. 17.

 

The project was awarded on June 19, 2022, said the company, adding that the contract value is SAR 228.2 million (excluding value-added tax).

 

Under the contract, AWPT will carry out the operation and maintenance work for 60 months.

 

The company also pointed out that the related financial impact will start in the third quarter of 2022.  

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