Alkhorayef Water signs SAR 1.86 bln contract for 4 projects in Eastern Region

09/06/2022 Argaam

Logo of Alkhorayef Water and Power Technologies Co.

Alkhorayef Water and Power Technologies Co. (AWPT) signed on June 8 a contract for four water quality improvement projects in the Eastern Province, with the Ministry of Environment, Water and Agriculture.

 

The projects include the design and construction of strategic transmission lines and distribution networks, pumping stations and strategic reservoirs, the company said in a statement to Tadawul.

 

They are located in Dammam, Khobar, and Qatif. The construction period ranges between 24 and 30 months.

 

The relevant financial impact will show in the fourth quarter of the year, Alkhorayef Water added, noting that there are no related parties to the contract.

 

The utility was awarded on April 20 four projects at a total value of SAR 1.86 billion, including value-added tax (VAT), for water quality improvement projects in the Eastern Province, Argaam earlier reported.

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