Saudi’s NWC Awards SAR1.6 Billion Manfouha Treatment Plants O&M Contract to AlKhorayef Company

Saudi’s NWC Awards SAR1.6 Billion Manfouha Treatment Plants O&M Contract to AlKhorayef Company

The National Water Company (NWC) announced that it has awarded a Long-Term Operation and Maintenance (LTOM) contract for the rehabilitation, operation and maintenance of sewage treatment plants (STPs) in Manfouha, Riyadh, to Alkhorayef Water and Power Technologies Company (AWPT).

The contract spans 15 years and is worth more than SAR1.6 billion. The project is meant to contribute to the objectives of the National Water Strategy aimed at achieving environmental sustainability, increasing investments in the water sector, and opening up partnership opportunities for the private sector.

This is executed under an innovative agreements model that aims at engaging the private sector in investment opportunities involving the rehabilitation, operation and maintenance of NWC strategic assets.

The contract was signed under the patronage of HE Eng. Abdulrahman Abdulmohsen AlFadley, Minister of Environment, Water and Agriculture and Chairman of NWC, between Eng. Nemer Mohammed Alshebl, NWC CEO, and CEO of AWPT.

Commenting on the significant milestone, the CEO of NWC said “the value of the contract signed with AWPT is more than SAR 1.6 billion (some USD 433 million), with a levelized tariff of SAR 0.41/m3, i.e. about USD 0.11/m3”.

Alshebl indicated that the contract aims at rehabilitation, operation, and maintenance of three STPs in Riyadh (Manfouha STPs complex)