Saudi-based Alkhorayef Water and Power Technologies Company said it has secured a SR34 million ($9.05 million) maintenance contract from the Ministry of Environment Water and Agriculture for the Qassim region in the Kingdom.
Under the three-year contract, Alkhorayef Water and Power Technologies Company will be responsible for all the operations and maintenance works related to the Uglat Alsugoor and Dariyah and the villages and centres of Qassim region, said the company in its filing to Saudi bourse Tadawul.
The Qassim win for Alkhorayef comes close on the heels of its recent SR132 million ($35 million) deal clinched with the Jeddah Municipality.
As per the contract, it will perform the works related to the maintenance and optimisation of the storm water networks and ground water level reduction networks in the South and East of Jeddah for a three-year period.
In November, one of Alkhorayef's subsidiaries had won a seven-year contract from National Water Company for the operation and maintenance of the water and environmental treatment services in the central cluster (Riyadh Region).
The contract worth SR358 million ($97.4 million) was clinched by Erwaa Water Company, a consortium of Alkhorayef Water and Power Technologies Company (which has a 49% stake) and French water and energy management company Veolia, it added.
