Alkhorayef Water and Power Technologies Co. Announces Contract signing of Management Contract for the operation and maintenance of the water and environmental treatment services in the central cluster (Riyadh Region) with National Water Company
Alkhorayef Water and Power Technologies Co. Announces contract signing of Management Contract for managing the operation and maintenance of the water and environmental treatment services in the central cluster (Riyadh Region) by National Water Company and Erwaa Water Company which is owned by the consortium of Alkhorayef Water and Power Technologies and Veolia Company of France.
Date of Announcement of the Award
2021-09-19 Corresponding to 1443-02-12
Contract Subject Matter
Management Contract for managing the operation and maintenance of the water and environmental treatment services in the central cluster (Riyadh Region)
Date of Signing the Contract
2021-11-21 Corresponding to 1443-04-16
Contract Value
358,000,000.00 Three hundred and fifty-eight million Saudi Riyals.
Contract Details
Management Contract through which the company will manage the operation and maintenance of water and environmental treatment services in Riyadh Region by raising the operational efficiency and technical knowledge, quality and availability of services, the contract serves the Riyadh region and the city of Riyadh, the capital of the Kingdom of Saudi Arabia, the contract extends for 7 years and Alkhorayef Water and Power Technologies will own 49% of Erwaa Water Company the contract operator.
Contract Duration
84 Months
Financial Impact and the Relevant Period
Project’s financial impact starts first quarter of 2022.
Comments