Alkhorayef Water inks SAR 45.65 mln contract with NWC to operate, maintain water networks

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

Alkhorayef Water and Power Technologies Co. (AWPT) announced that it signed, on Sept. 7, a contract worth SAR 45.65 million for the operation and maintenance of water networks in Al-Baha region with National Water Co. (NWC), according to a bourse filing.

As per the contract, AWPT will carry out the operation and maintenance of water networks for a period of 36 months.

The company indicated that the financial impact of the project began to be reflected as of Q4 2021, noting that it received the contract after being signed by all parties.

In Sept. 2021, AWPT was awarded a contract for the operation and maintenance of water networks in Al-Baha region by the Ministry of Environment, Water and Agriculture, Argaam reported.