Saudi-based Alkhorayef Water and Power Technologies Company has secured a key water services contract worth SAR87.2 million ($23.2 million) from National Water Company for the Buraidah region of the kingdom.
As per the deal, Alkhorayef will be reponsible for operation and maintenance of water and sewage networks and their accessories in the Saudi city for the next three years, said the company in its filing to Saudi bourse Tadawul .
The financial impact of the contract is expected to start in the first quarter of 2024, it added.-TradeArabia News Service
