The Clap
AlKhorayef Water & Power Technologies (2081) signed a contract with the National Water Company for the operation and maintenance of water networks in the Al Baha region for about SAR 45.65 million.
The Deets
AlKhorayef will carry out the operation and maintenance of the water networks in Al-Baha, known as the Al-Baha Business Unit, for a period of 36 months.
This comes after the company obtained an operating contract from the Ministry of Environment, Water and Agriculture in September 2021.
AlKhorayef Water & Power Technologies
AlKhorayef Water & Power Technologies is a subsidiary of AlKhorayef Group, and specializes in designing, constructing, operating, maintaining and managing all types of water and wastewater projects.
Why this Matters
AlKhorayef clarified that the financial impact of the project began to be reversed, starting from Q4 2021 and the contract has been received, after completion of signatures from all parties involved.
AlKhorayef signs SAR 45.6 million contract 💦
