AlKhorayef wins $426mn Riyadh sewage contract ...United Arab Emirates

Local News by : (ME CONSTRUCTION NEWS) -
Saudi Arabia’s National Water Company (NWC) said it has awarded a Long-Term Operation and Maintenance (LTOM) contract worth over US $426mn to Alkhorayef Water and Power Technologies Company for the rehabilitation, operation and maintenance of sewage treatment plants (STPs) in Riyadh. The 15-year-long deal will contribute to the objectives of the National Water Strategy, which is mainly aimed at achieving environmental sustainability, increasing investments in the water sector and opening up partnership opportunities for the private sector. This is executed under an innovative agreements model that aims at engaging the private sector in investment opportunities involving the rehabilitation, o

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