AWPT bags SAR 108.5M contract to clean Jeddah stormwater network

24/02/2026 Argaam
Logo of​Alkhorayef Water and Power Technologies Co. (AWPT)

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

Alkhorayef Water and Power Technologies Co. (AWPT) announced the award of a contract worth SAR 108.4 million (excluding VAT) for completion of the operation (cleaning) of stormwater and surface water networks in the sub-municipalities (South (SO) – Al-Malisa (ML) – 19979).
 
The contract, awarded on Feb. 23, has a duration of 60 months, the company said in a statement to Tadawul.
 
The financial impact of the contract is expected to be reflected in  Q3 2026 results.

 

The company will announce any future developments in this regard at the time, especially after receiving the final version of the contract signed by all parties concerned.

 

No related parties are involved in the deal, the statement noted.

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