Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company signed a contract worth SAR 37.71 million with Riyadh Airports Company to upgrade the second phase of the sewage network in King Khaled International Airport in Riyadh.

The contract carries a maturity period of nine months from the date of handing over the site, according to a bourse filing on Tuesday.

Alkhorayef Water said the financial impact of this project will reflect on the income statements starting the first half (H1) of 2021.

Last month, the listed firm signed a contract worth SAR 175.9 million with the National Water Company to set up sewage networks in TAIF Phase I.