Saudi’s Alkhorayef Water bags $10mln maintenance contract for sewage treatment plants

Saudi’s Alkhorayef Water bags $10mln maintenance contract for sewage treatment plants

Saudi Arabia's Alkhorayef Water and Power Technologies Co. won a contract to operate and maintain sewage treatment plants for King Saud bin Abdulaziz University for Health Sciences, Ministry of National Guard, in the Central and Western regions.

The five-year contract is worth 38.04 million Saudi riyals ($10 million), the Tadawul-listed company said in a statement.

In June, Alkhorayef Water had bagged a 60-month contract for the water sector operation and maintenance by National Water Co. Jeddah.

Earlier in April, the company was awarded four water quality improvement projects worth 1.86 billion riyals ($496 million) in the Kingdom's Eastern Province.

(Writing by Senthil Palanisamy; Editing by Anoop Menon)

([email protected])

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2022