Alkhorayef Water and Power Technologies Co. (AWPT) has been awarded this contract with a value of SAR 504.85 million. The contract duration is 24 months.
Bids are currently under evaluation for the main contract on this scheme.
Alkhorayef Water and Power Technologies Co. has secured a loan worth SR315 million ($84 million) from Al Rajhi Bank to finance water projects in Dammam. The Shariah-compliant agreement aims to finance future projects and ventures. With the deal extending for three years, Alkhorayef Water will use the proceeds to fund initiatives aimed at improving water networks in Dammam.
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