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Alkhorayef Water awarded SAR 132m contract

Alkhorayef Water awarded SAR 132m contract
The contract duration is 36 months
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Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a contract worth SAR 131.6 million to implement maintenance and optimization works for the stormwater and groundwater level reduction networks in South and East Jeddah.

The contract duration is 36 months from the date of site handover, according to a bourse disclosure on Wednesday.

The financial impact of this project is expected to reflect as of the second half (H2) of 2021.

Last May, Alkhorayef Water was awarded a SAR 115.31 million contract for works in North Jeddah.