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Alkhorayef Water and Power Technologies Co. has secured a 15-year, SR1.62 billion ($431 million) operation and maintenance contract from the National Water Co. for the Manfouha Northern, Manfouha Eastern, and Al-Manfouha sewage treatment plants in Riyadh. The contract includes rehabilitation work to be completed in two phases within 36 months.
“Proceeds from the deal would reflect on the firm's financials in the fourth quarter of 2023.”arabnews.com
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