Alkhorayef Water wins SAR 62M contract from NWC

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded on March 19 a SAR 61.84 million VAT-exclusive contract for leak detection and repair in Jazan.

Under the contract, the utility will carry out leak detection and repair work in the Jazan region for a period of 30 months, according to a statement to Tadawul.

The financial impact is expected to show in Q2 2025.

Any updates will be announced, especially after receiving a signed copy of the contract.

There are no related parties to the deal, AWPT said.