Alkhorayef Water and Power Technologies Company has secured a US$10.5mn contract from the Zakat, Tax, and Customs Authority (ZATCA) for the operation and maintenance (O&M) of water and sewage treatment plants at land ports.
The contract covers the operation, maintenance, and cleaning of water stations, wastewater treatment plants, and their related accessories, the company announced in a statement to the Saudi stock exchange on Tuesday.
Zawya Projects reported that the positive financial impact of the contract will begin reflecting in Alkhorayef's results in the first quarter of 2025.
Earlier this month, ZATCA and the National Centre for Privatisation & PPP (NCP) also launched the tendering process for customs warehouses through a Public-Private Partnership (PPP) model.
Saudi Arabia: Alkhorayef Water and Power wins O&M contract from ZATCA
The positive financial impact of the contract will begin reflecting in Alkhorayef's results in the first quarter of 2025. (Image source: Canva)
