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Al-Khorayef Water and Power Technologies announced the signing of two contracts with the Jeddah Municipality worth a total of 202.1 million Saudi Riyals to complete the operation of stormwater and surface water networks in areas of Jeddah. The contracts span a duration of 60 months, with the financial impact of the project beginning in the second quarter of 2026. There are no special relationships with the involved parties, and this comes as part of the company's expansion in the water and energy sector in Saudi Arabia.
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