Arabian Water and Power Technologies Wins SAR 101.3 Million Contract with National Water Company

Arabian Water and Power Technologies won a new contract with Saudi Arabia's National Water Company valued at a total of SAR 101.3 million, in a deal that strengthens its presence in the Kingdom's water infrastructure sector.

The contract covers the execution of integrated infrastructure works, including water and sewage networks in several regions, and the company is expected to commence project implementation in the near future according to the agreed schedule.

This deal comes in the context of massive investments injected by Saudi Arabia into the water sector as part of Vision 2030 targets, which seek to develop infrastructure and rationalize water resource consumption.

Analysts confirmed that this contract provides the company with stable cash flows and raises its order backlog to record levels, supporting their positive outlook for the company's performance in the coming years.

What do these terms mean?

National Water Company: A Saudi state-owned company responsible for managing water and wastewater services in the Kingdom, and one of the largest operators in this sector across the region.

Order Backlog: The total value of contracts and projects held by the company awaiting execution, used as a measure of future business volume and guaranteed upcoming revenues.

Water Infrastructure: The system of networks, plants, and facilities that ensure the delivery of clean water and the disposal of wastewater, representing a fundamental pillar of urban development.