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Alkhorayef Water and Power Technologies Co. has won three operations and maintenance (O&M) contracts worth 184.3 million Saudi riyals ($49.04 million) from Saudi government-owned National Water Company (NWC), it said in three separate statements filed with the Saudi stock exchange.
These include an SAR 89.83 million contract for water networks in Madinah; a SAR 60.8 million O&M contract for the first and second phases of sewage treatment plants in Madinah, and a SAR 33.5 million contract for water networks, water treatment plants, and water wells in Al Qaisumah and Hafar Al-Batin.
The three contracts have a duration of 36 months each, the statement stated.
(Writing by D Madhura; Editing by Anoop Menon)
