Alkhorayef Water and Power Technologies Company has secured a substantial new contract from the National Water Company (NWC). The deal, valued at 191 million Saudi riyals ($51 million), involves six blanket purchase agreements to enhance water and wastewater infrastructure across various regions in the kingdom.
The contract, announced in a statement to the Saudi stock exchange on Thursday, will see Alkhorayef Water installing new water and wastewater connections in Al-Qassim, Hail, Jazan, and the Eastern Region, covering the North, South, and Central sectors.
These agreements are set to span 36 months, providing a significant boost to the nation’s water infrastructure. Alkhorayef Water stated that further details regarding the project will be released in due course.
Source : Zawya
