Alkhorayef Water and Power Technologies Company was awarded a long-term operation and maintenance deal valued at SAR 1.62 billion. Alkhorayef Water will handle the design, rehabilitation, full operation, and maintenance works of the existing three sewage treatment plants (STPs) in Riyadh. The rehabilitation works will be implemented in two phases over 36 months from the beginning of the contract. As for the operation and maintenance process, it will be carried out in 180 months. Alkhorayef Water indicated that the project will reflect on its income statements during the fourth quarter (Q4) of 2023, adding that it will disclose further details regarding the agreement in due time.
Construction works have commenced on this project.
Synergy Consulting Inc. has honored to support the client in the execution of Package 5 Long-Term Operation and Maintenance (LTOM) contract for the rehabilitation, operation, and maintenance of sewage treatment plants (STPs) in Manfouha, Riyadh. This is the third project to be awarded under the LTOM Program.
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