Alkhorayef Water signs SAR 45.36 mln contract with NWC

Logo of Alkhorayef Water and Power Technologies Co.

Alkhorayef Water and Power Technologies Co. (AWPT) signed today, Dec. 19, a contract with National Water Co. (NWC), at a value of SAR 45.36 million, for the repair and maintenance of emergency network breakage in Riyadh city, the firm said in a statement to Tadawul.

The company will perform repair and maintenance works for 36 months.

The contract is part of a package that included contract No. 17, which was awarded to Alkhorayef Water on Dec. 7.

The project’s financial impact is expected to take place from the first quarter of 2022.

AWPT will announce any future developments in this regard in due course, especially after receiving the final version of the agreement contract signed by all parties concerned.