Saudi Arabia’s water services company Alkhorayef Water and Power Technologies (AWPT) has signed a seven-year management contract with National Water Company.
Valued at 358 million riyals ($95 million), the contract will include the operation and maintenance of the water and environmental treatment services in the central cluster (Riyadh Region) by National Water Company and Erwaa Water Company, AWPT said in a disclosure to the Saudi Stock Exchange (Tadawul).
Erwaa Water Company is owned by the consortium of AWPT and French company Veolia.
(Writing by Imogen Lillywhite; editing by Cleofe Maceda)
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