Alkhorayef Water wins SAR 155.1M project with Jeddah Municipality

Alkhorayef Water and Power Technologies Co. (AWPT) announced the award of a project with the Jeddah Municipality, with a total value of SAR 155.09 million, excluding value-added tax (VAT).

In a statement to Tadawul, the company said it will carry out operation (cleaning) works for rainwater and surface water networks, as well as closed and open channels, in the sub-municipalities of Al-Balad (BA), Al Jami’ah (JA), and Umm Al-Salam (US) – 19320, over a period of 60 months in Jeddah Governorate.

The project was awarded on Dec. 30, with its financial impact expected to be reflected starting in the second quarter of 2026.

Alkhorayef Water will announce any future developments in due course, particularly after receiving the final version of the contract following its signing by all concerned parties.

There are no related parties involved, it noted.