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)

(anoop.menon@lseg.com)