Riyadh – Mubasher: Alkhorayef Water and Power Technologies Co signed a contract worth SAR 175.9 million with the National Water Co. (NWC) for establishing sewage networks in TAIF Phase I.

The contract period is 36 months starting from the date of the site handover, the company said in a bourse disclosure on Tuesday.

The financial impact of this project is expected to start in the second quarter (Q2) of 2021.

Alkhorayef Water and Power Technologies Co has been listed on the Saudi Stock Exchange (Tadawul) since 1 March.