Alkhorayef Water signs SAR 141.2 mln contract with NWC

16/05/2022 Argaam

Logo of Alkhorayef Water and Power Technologies Co. (AWPT)

Alkhorayef Water and Power Technologies Co. (AWPT) signed today, May 16, a contract with National Water Co. (NWC), at a value of SAR 141.2 million, excluding the value added tax (VAT), according to a bourse filing.

 

Under the 24-month contract, the company will construct the sewage networks (phase II) at Al Ruwaidaf and Al Jawharah districts, Taif City.

 

The project’s financial impact will appear in Q2 2022.

 

The deal does not have any related parties, the statement added.

 

In March, AWPT announced that it won an NWC contract worth SAR 141.2 million, excluding the VAT, for the construction of sewage networks (phase II) at Al Ruwaidaf and Al Jawharah districts, Taif City, according to data available with Argaam.

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