Alkhorayef Water wins SAR 64.2 mln contract from NWC

15/10/2023 Argaam

Alkhorayef Water wins SAR 64.2 mln contract from NWC

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

Alkhorayef Water and Power Technologies Co. (AWPT) won a contract worth SAR 64.2 million, excluding VAT, from the National Water Co. (NWC).

 

Under the contract, AWPT will operate and maintain water projects in villages and cities in Jazan for 36 months, AWPT said in a statement to Tadawul.

 

The company expects that the financial impact of the project to appear in the fourth quarter of 2023.

 

AWPT said there are no related parties to the contract and that it will announce any relevant developments in due course, after receiving the final copy signed by all concerned parties.

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