AICTEC signs contract with NWC to implement project worth SAR 3 mln maximum

09/10/2022 Argaam

AICTEC signs contract with NWC to implement project worth SAR 3 mln maximum

Logo of Advance International Company for Communication and Information Technology (AICTEC) 

Advance International Company for Communication and Information Technology (AICTEC) signed, on Oct. 6, a contract with the National Water Co. (NWC) to implement the second phase of a project to supply and install attendance devices, as well as provide NWC with all necessary materials and services.

 

In a statement to Tadawul, the company said the contract value depends on the value of products purchased from 2022 to 2025, with a maximum of SAR 3 million.

 

The agreement is valid for three years until Oct. 2, 2025.

 

The financial impact depends on the value of supplied products from 2022 to 2025. It will reflect positively on the company’s financials for 2023 and 2024.

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