Riyadh — Mubasher: Alkhorayef Water and Power Technologies Company has signed a SAR 80 million contract with Dammam Airports Company for the rehabilitation of water infrastructure at King Fahd International Airport.
The agreement, signed on 4 October 2026, follows a contract award previously announced on 29 September.
Under the terms of the 18-month agreement, the company will execute design, construction, supply, and installation works.
The scope of the project includes the replacement and integration of water and sewage infrastructure, encompassing pumps, storage tanks, reverse osmosis facilities, and pipeline networks.
The contract also covers associated electrical, instrumentation, and control system works.
Alkhorayef Water confirmed that the financial impact of the project is expected to begin appearing in its financial statements during the fourth quarter (Q4) of 2026. The company stated that there are no related parties involved in the transaction.
