Alkhorayef Water awarded SAR 131.6 mln contract by Jeddah Municipality

07/07/2021 Argaam

Logo of Alkhorayef Water and Power Technologies Co.

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded on July 4, an operation and maintenance contract valued at SAR 131.6 million with Jeddah Municipality, according to a bourse filing.

 

Under the 36-month contract, Alkhorayef will undertake works of maintenance and upgrade of stormwater and groundwater level monitoring networks in the South and East of Jeddah.

 

The relevant financial impact is expected to reflect on H2 2021 financials.

 

The contract included no related parties, and updates will be duly revealed, the statement added.

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