“Al-Khareef” gets a contract worth 89.83 million riyals in Medina

Al-Khorayef Water and Energy Technology Company announced the awarding of a contract for the operation and maintenance of water networks in Madinah with the National Water Company, at a value of 89.83 million riyals, excluding value-added tax.

The company said in a statement on “Saudi Tadawul”, today, Tuesday, that the contract includes the implementation of the operation and maintenance of water networks in Medina, for a period of 36 months.

She indicated that the financial impact of the project is expected to be reflected in the second quarter of 2023.

The company added that it will announce any future developments in this regard in a timely manner, especially after receiving the final version of the contract, after it has been signed by all concerned parties.