Saudi-based Alkhorayef Water and Power Technologies Company has announced that it has secured a SR90 million ($24 million) water services contract from the National Water Company for the Madinah city.

 

As per the deal, Alkhorayef Water and Power Technologies Company will be reponsible for the operation and maintenance of water networks in the Saudi city for a period of 36 months, said the Saudi group in its filing to Tadawul.

 

The financial impact will start in the second quarter of 2023.-TradeArabia News Service