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.

 

Contract Details

Contract

Operation and maintenance of water networks in Al-Baha region

Signatory

NWC

Contract Value

SAR 45.65 million

Contract Term

36 months

Award Announcement Date

Sept. 28, 2021

Signing Date

Sept. 7, 2022

 

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. 

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