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Alkhorayef Water and Power Technologies Co. (AWPT) has secured a SAR 101.32 million contract with Saudi Arabia’s National Water Co. (NWC) to operate and maintain water and sewage networks in Al Khobar. The contract, excluding VAT, spans 36 months, with financial impacts anticipated in Q4 2026. AWPT will disclose further details once the final signed contract is received. This marks a significant expansion in the company’s infrastructure management portfolio.
The contract strengthens AWPT’s position in Saudi Arabia’s critical water sector, aligning with the country’s Vision 2030 goals to privatize utilities. For traders, the long-term revenue stream could boost investor confidence, potentially driving upward momentum in AWPT’s stock. The project’s scale also signals NWC’s ongoing investments in regional infrastructure, which may attract broader market attention.
For Saudi investors, this development highlights AWPT’s growing role in public infrastructure, a sector expected to see sustained demand. Traders should monitor Q4 2026 earnings reports for tangible financial impacts. Additionally, future contracts or regulatory updates from NWC could further influence AWPT’s stock performance.
