SAUDI ARABIA —Alkhorayef Water and Power Technologies Co. has formally signed a major operation and maintenance contract valued at SAR 101.32 million with National Water Company. Under the agreement, the company will oversee the comprehensive operation and maintenance of water and wastewater networks across Al Khobar City, Saudi Arabia, over a execution period of 36 calendar months.
Alkhorayef Water and Power Technologies Co. is a leading Saudi Arabian company specializing in water, wastewater, and energy infrastructure management and engineering services. National Water Company is a Saudi joint stock company wholly owned by the government, responsible for providing water and wastewater services across the Kingdom.
The execution of this contract marks a critical step in maintaining municipal water quality, infrastructure resilience, and efficient service delivery for the residents of Al Khobar City. By securing a long-term agreement, National Water Company ensures continuity in crucial urban utilities, while the project contributes to the ongoing modernizing of essential environmental and public health infrastructure in the Eastern Province. The financial impact of this transaction is scheduled to begin reflecting in Alkhorayef Water and Power Technologies' financial statements starting in the fourth quarter of 2026.
This development aligns closely with national efforts under Saudi Vision 2030 to enhance water management efficiencies, expand wastewater treatment capabilities, and optimize resource deployment across the Kingdom. As urban centers in the region continue to expand rapidly, structured operation and maintenance frameworks serve as a benchmark for municipal utility practices and sustainable public sector procurement standards.
For businesses and investors, the project underscores stable commercial demand in the utility infrastructure sector. Securing this long-term operational contract enhances Alkhorayef Water and Power Technologies' revenue visibility and consolidates its market leadership in utility management, signaling sustained capital commitment toward critical environmental and civil infrastructure projects.
