Saudi Water Partnerships Company (SWPC) has issued request for proposals (RFP) to the pre-qualified bidders for the Rayis-Rabigh Independent Water Transmission Pipeline (IWTP) project that has a transmission capacity of 500,000 cu m per day.
RIYADH: Alkhorayef Water and Power Technologies Co. is expected to record SR840 million ($224 million) in revenue for 2022, as it currently has SR4 billion worth of projects in its pipeline. The company’s CEO, Rami Moussilli, told Argaam that revenue is anticipated to grow to SR480 million in the second half of the year, and hit as high as SR1.25 billion in the following year.
Top global utility developers including Japan s Marubeni and regional heavyweights - Kuwait s Gulf Investment Corporation and UAE s Metito Utilities - have prequalified for the Al Ahsa and Eastern Province water reservoir projects in Saudi Arabia.