Naqi Water signs contract to build 2 poultry barns worth SAR 3.7M

11:30 AM (Mecca time) Argaam
One of Naqi Water products

One of Naqi Water products 

Naqi Water Co. signed an addendum to an existing contract to build two poultry barns, at a cost of SAR 3.7 million, excluding value-added tax.
 
In a statement to Tadawul, the company said the expansion will boost the project’s production capacity by 50%, supporting its growth plans and enhancing operational efficiency in line with the company’s strategic plans.
 

Naqi Water explained that the additional costs related to the project are only related to the construction addendum, covering the execution and the required infrastructure, structures and buildings.

 

Other obligations related to the expansion remain outstanding and will be announced in due course in line with relevant rules and regulations.

 

The company said it continues to regularly update its expansion strategy in line with the approved growth targets, adding that the expansion comes in response to rising market demand.

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