Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Alkhorayef Water awarded $458m contract

Alkhorayef Water is part of the Alkhorayef Group. (Alkhorayef)
  • The existing plants in this package are Al Hafuf STP 1, Al Oyun STP and Al Omran STP. This is in addition to the new one, Al Hafuf STP 2, Argaam reported.
  • The design and rehabilitation will be completed in two phases over 36 months from the contract date. Meanwhile, the O&M will be carried out over 15 years (180 months).

Riyadh, Saudi Arabia — Alkhorayef Water and Power Technologies Company (AWPT) has been awarded an operations and maintenance (O&M) contract by the National Water Company (NWC) for sewage treatment plants in Al-Ahsa city.

Under the contract valued at SAR 1.72 billion ($458 million), exclusive of VAT, AWPT will perform the design, rehabilitation, testing, commissioning, full operation, maintenance, and handover of three existing sewage treatment plans (STPs) and another new one in Al-Ahsa.

The existing plants in this package are Al Hafuf STP 1, Al Oyun STP and Al Omran STP. This is in addition to the new one, Al Hafuf STP 2, Argaam reported.

The design and rehabilitation will be completed in two phases over 36 months from the contract date. Meanwhile, the O&M will be carried out over 15 years (180 months), in conjunction with the commencement of rehabilitation work.

The total design treatment capacity of the plants is 457,500 m3/day, to be upgraded to 472,000 m3/day. This is the third-of-its-kind project to be awarded to AWPT.

The company will announce any relevant developments in due course, especially after receiving the final version of the contract signed by all parties concerned.

The relevant financial impact will start from Q3 2024, the statement said, noting that there are no related parties to the deal.