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Alkhorayef Water awarded SAR 115m contract

Alkhorayef Water awarded SAR 115m contract
The project duration stands at 36 months
-1.17% 118.60 -1.40

Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded an operation and maintenance contract worth SAR 115.31 million from Jeddah Municipality, according to a disclosure to Tadawul on Tuesday.

The deal covers the maintenance and optimisation works of stormwater and groundwater level reduction networks in North Jeddah.

Alkhorayef Water will be carrying out the project that has a duration of 36 months starting from the day of site handover.

Last month, the company signed a contract worth SAR 37.71 million with Riyadh Airports Company for the sewage network in King Khaled International Airport in Riyadh.

Earlier this year, Alkhorayef Water penned a SAR 175.9 million deal with the National Water Company to set up sewage networks in TAIF Phase I.