# Naqi Water starts constructing new factory in Riyadh and signs contract to acquire industrial property

Naqi Water Company announced the start of constructing a new factory in Riyadh and signed a contract on May 28, 2023, to acquire an industrial property in the Second Industrial City of Riyadh for SAR 6,150,000. The financial impact is expected by the end of Q1 2024.

- Type: New facility
- Announced: 2023-05-29
- Where: Second Industrial City, Riyadh, Saudi Arabia, Saudi Arabia
- Starts operating: Q1 2024
- Status: under construction
- Products: water

## Companies

- [Naqi Water Company](https://endata.com/companies/70534.md)

## Sources

- [naqiwater.com](https://naqiwater.com/en/naqi-water-company-announces-the-start-of-constructing-a-new-factory-in-riyadh-and-signing-of-a-contract-to-acquire-industrial-property/), 2023-05-29: "Naqi Water Company announces the start of constructing a new factory in Riyadh and signing of a contract to acquire industrial property"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.