Search Site

Amazon to invest $17bn in Spain  

The investment will be made in data centers in Aragon region.

Microsoft unveils ‘AI-ready’ PCs

The company's pivot to AI has been celebrated by Wall Street.

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

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.