Al-Khorayef Water and Energy Technology Company, a leading company in the water and energy sector in the Kingdom of Saudi Arabia, announced the signing of a significant contract with the National Water Company to operate and maintain the water and wastewater networks in Hafr Al-Batin Governorate. This contract represents a strategic step aimed at improving the efficiency of water and environmental services in the region.
Contract details and financial implications
According to the official statement published by the company on the Saudi Stock Exchange (Tadawul), the total value of the contract is SAR 57.27 million, and it extends over 36 months (three years). The company explained that the financial impact of this project is expected to begin appearing in its financial results starting from the first quarter of 2026, providing investors with a clear view of the company's future growth and reinforcing its track record of successful projects.
In the context of the Kingdom's Vision 2030
This project aligns with the broader objectives of Saudi Vision 2030, which prioritizes infrastructure development and improving the quality of life for citizens and residents. The Kingdom is actively modernizing its water sector by engaging the private sector to enhance operational efficiency, reduce water waste, and ensure resource sustainability. The National Water Company plays a pivotal role in achieving these goals by offering operation and maintenance projects to specialized companies like Al-Khorayef, demonstrating the success of the public-private partnership (PPP) model in driving development.
Local significance and expected impact on Hafr Al-Batin
For Hafr Al-Batin Governorate, this contract is of paramount importance, as it is expected to lead to a tangible improvement in the quality and reliability of water and wastewater services. Al-Khorayef Company's responsibilities will include routine and preventative maintenance of the networks, rapid response to malfunctions, and the application of the latest technologies for efficient network management. This will positively impact the daily lives of residents by ensuring a continuous supply of clean water and the environmentally safe treatment of wastewater, thus contributing to the protection of public health and enhancing the urban landscape of the governorate, which is experiencing increasing population and urban growth.
Strengthening “Autumn”’s position in the market
Winning this contract is a testament to Al-Khorayef Water and Energy Technology Company's technical expertise and operational capabilities. It also reinforces its position as a trusted partner of the government in implementing vital projects, adding to its growing portfolio of projects across the Kingdom, thus supporting its expansion strategy and underscoring its active role in achieving national water security goals.
