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Alkhorayef Water and Power Technologies Co. (AWPT) has secured two contracts totaling SAR 202.1 million (excluding VAT) with Jeddah Municipality to operate and maintain stormwater and surface water networks. The first contract, worth SAR 108.46 million, covers the South (SO) and Al-Malisa (ML) sub-municipalities, while the second, valued at SAR 93.59 million, targets the Airport (MA) sub-municipality. Both contracts span 60 months, with financial impacts expected to materialize in Q2 2026.
This development highlights AWPT's growing role in Saudi Arabia's infrastructure sector, particularly in water management projects aligned with Vision 2030 goals. The long-term nature of the contracts provides revenue visibility, which could stabilize the company's earnings profile. For traders, the announcement may boost investor confidence in AWPT's operational capacity and market position.
For Saudi equity markets, the contracts underscore the government's focus on public infrastructure and urban development. Investors should monitor AWPT's stock performance for potential volatility around the Q2 2026 earnings reports. Additionally, tracking the company's future contract acquisitions could provide insights into its growth trajectory.
