Alkhorayef Water awarded SAR 34.2 mln contract by NWC

28/11/2022 Argaam

Alkhorayef Water awarded SAR 34.2 mln contract by NWC

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

Alkhorayef Water and Power Technologies Co. won a contract worth SAR 34.24 million (excluding value-added tax) from National Water Co. (NWC) for the operation and maintenance of water treatment plants in Madinah region, the company said in a statement to Tadawul.

 

The contract term will be 36 months, the statement said, adding the company will perform the works related to the operation and maintenance of water treatment plants.

 

The financial impact of the project is expected to reflect in Q1 2023 financials.

 

Any future developments will be announced in due course, especially after receiving the final version of the signed contract.

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