Alkhorayef Announces Awarding an Operation, Maintenance Contract for SR195.8 mln

Alkhorayef Water and Power Technologies Co. announced on Wednesday the awarding of contract “Operation and Maintenance of King Abdullah bin Abdulaziz Project for Zamzam Water and all its Services” in the Holy City of Makkah by the National Water Company.

The contract value is SR195,850,000.00 for 60 months.

The company indicated on Tadawul on Wedneaday that in line with Alkhorayef Water & Power Technologies Co. strategic plan and the objectives of the company and the Kingdom’s Vision 2030 to develop all aspects of water sector.

It also added the awarding of the “Operation and Maintenance of King Abdullah bin Abdulaziz Project for Zamzam Water in the Holy City of Makkah after submitting the best Financial and Technical Offer, indicating that there are no related parties.

Financial impact of the project is expected to take place starting the 1st quarter of year 2022.

The company will announce any future developments in this regard at the time, especially after receiving the final version of the agreement contract signed by all parties concerned.