Latest news with #AWPT
Argaam
2 days ago
- Business
- Argaam
Alkhorayef Water bags SAR 214.6M sewage network contract in Al-Kharj
Alkhorayef Water and Power Technologies Co. (AWPT) signed today, Aug. 13, a contract with the National Water Co. (NWC) to implement sewage networks in Al-Kharj Governorate (Phase 7). The 36-month contract is valued at SAR 214.55 million, excluding VAT, the company said in a statement to Tadawul. The project is expected to positively impact the company's financials in Q4 2025. There are no related parties to the deal, the statement added.
Arab News
10-06-2025
- Business
- Arab News
AWPT's vision for sustainable water leadership: growth, green goals, and global expansion
TASHKENT: As the Middle East embraces transformation under the banner of sustainability and economic diversification, water security stands as one of the most critical obstacles and opportunities of our time. At the helm of addressing this challenge in Saudi Arabia is Alkhorayef Water & Power Technologies, also known as AWPT. This company has not only solidified its market leadership but is now actively expanding its international footprint. In an exclusive interview with Arab News, Rami Moussilli — CEO of AWPT since 2014 — shared key insights into the company's strong performance in 2024, its alignment with Vision 2030, and its ambitions beyond Saudi Arabia. Speaking at the Tashkent International Investment Forum, Moussilli told Arab News that AWPT is supporting Uzbekistan's Sustainable Development Vision. Uzbekistan is a key international focus for AWPT as the country undergoes significant transformation through infrastructure modernization and sustainable development. Moussilli noted that AWPT has held high-level discussions with multiple ministries, which culminated in a meeting with the president of Uzbekistan. 'There is strong alignment between our core strengths and Uzbekistan's national development priorities,' said Moussilli. As Uzbekistan ramps up investment in urban expansion and essential services, AWPT is offering support across the entire water infrastructure lifecycle— from system rehabilitation and advanced wastewater treatment to non-revenue water reduction and energy-efficient technologies. AWPT's approach in Uzbekistan is built on three foundational pillars: strengthening public-private partnership frameworks, delivering engineering excellence, and promoting environmental and economic sustainability With a focus on knowledge transfer and local capacity building, AWPT is not just exporting services; it is building lasting partnerships. A model for the future of water AWPT sets itself apart from others in the sector with its integrated delivery model. By operating across all stages of the water asset lifecycle — from design and construction to operation and rehabilitation — AWPT achieves efficiencies that traditional players often miss. This holistic approach allows the company to offer clients and investors a unique value proposition: resilient profitability and proven risk management. AWPT closed 2024 with what Moussilli described as 'a year of exceptional performance and strategic progress.' The financial numbers support this assertion. Net income surged by an impressive 64 percent over the previous year, while revenues rose by 16 percent, underscoring both strong demand and operational excellence. Profit margins also improved significantly, growing from 8.2 percent to 12 percent, and earnings per share followed suit with over 64 percent growth. The company's shareholder equity expanded by 44 percent, further bolstered by a return on equity of 38 percent and a return on assets of 35 percent, clear indicators of efficient capital and resource management. Notably, AWPT ended the year with a 300 percent increase in free cash flow, a critical marker of financial health in a capital-intensive sector. Powering Vision 2030 through water privatization At the heart of AWPT's strategy lies a firm alignment with the Saudi National Water Strategy 2030, which outlines the privatization of key infrastructure sectors, including water treatment, wastewater management, and the reuse of treated effluents. Moussilli emphasizes the instrumental role water infrastructure plays in national development, saying: 'Water is no longer just a utility — it is a strategic pillar for economic resilience and public health.' AWPT's integrated services span the entire water and wastewater value chain — from engineering, procurement, and construction to operation and maintenance, public-private partnerships, and city management contracts. This depth of capability positions the company to benefit from the estimated $200 billion in upcoming water infrastructure investments under Vision 2030. Sustainability at the core With increasing global attention to environmental conservation, AWPT has integrated sustainability into its operational DNA. Serving over 26 million people across the Kingdom, the company advocates resource optimization, water quality, and long-term resilience. 'Our sustainable water practices are rooted in prevention, remediation, and efficiency,' said Moussilli. This includes proactive leak detection and repair of water lines, maintenance of sewage lines to prevent environmental contamination, and advanced treatment of sludge to enable its reuse in agriculture or other sectors. 'Every drop we save is a step toward decarbonizing our sector,' he added, noting that AWPT's treatment of wastewater not only protects the environment but also allows for the reuse of treated effluent for irrigation, reducing reliance on freshwater sources. Strategic objectives: local strength, global reach With its commanding position in the Saudi market, AWPT is setting its sights on international expansion. Moussilli outlined a three-pillar strategy for the future, including a focus on sustaining market leadership in Saudi Arabia by capturing new value pools across water and wastewater infrastructure. Expanding into global markets and leveraging AWPT's superior operating capabilities and integrated model as competitive advantages is another part of the vision, with diversifying into new environmental services and creating synergies around its water-centric core competencies the final pillar. This strategy is underpinned by AWPT's unique ability to grow both top-line and bottom-line performance simultaneously while preserving a strong balance sheet, enabling resilience even amid inflation and rising interest rates.
Argaam
06-05-2025
- Business
- Argaam
Alkhorayef Water wins SAR 85.95M contract with NWC
Logo of Alkhorayef Water and Power Technologies Co. (AWPT) Alkhorayef Water and Power Technologies Co. (AWPT) was awarded, on May 5, a contract for supply, installation, testing, and commissioning of pumps and variable frequency drives (VFDs) in Jazan Region, with National Water Co. (NWC), for SAR 85.95 million, not including VAT. For more news and details on the projects In a statement to Tadawul, the company said that the project will be executed within a period of 24 months. Financial impact as a result of the purchase order is expected to materialize during Q3 2025. The company will announce any future developments in this regard in due course, especially after receiving the final version of the contract agreement signed by all parties concerned, the statement added.
Zawya
17-04-2025
- Business
- Zawya
Saudi's Alkhorayef Water wins $94mln contracts to develop treated water reuse systems
Saudi-listed Alkhorayef Water and Power Technologies (AWPT) has secured two contracts from the Saudi Irrigation Organization (SIO) with a combined value of 354 million Saudi riyals ($94.34 million). The first contract, valued at SAR 130 million, involves the construction of a treated water reuse system, which will facilitate the transmission and distribution of water supplies from the first phase of Wadi Al-Dawasir sewage treatment plant for the irrigation of agricultural areas, the company said in a statement to the Saudi stock exchange on Thursday. In a separate statement, the company said it won a SAR 224 million contract to develop a similar treated water reuse system to transmit and distribute water supplies from the first phase of Al Rass sewage treatment plant. The two projects will be executed each over 24 months, the statements said. The financial impact of both projects is expected to be reflected in the third quarter of 2025. (Editing by Anoop Menon) (
Argaam
19-03-2025
- Business
- Argaam
Alkhorayef Water's backlog revenue likely to grow 25% in 2025: CEO
Alkhorayef Water & Power Technologies Co.'s (AWPT) revenues from backlog contracts are expected to exceed SAR 2.5 billion in 2025, a growth of 25% from 2024, CEO Rami Moussilli told Argaam. He said that growth potential prospects are there if new projects are awarded during the year. The company is looking to expand its business to include new customers, bid for privatization as well as long-term maintenance and operation projects across the Kingdom. Meanwhile, AWPT seeks to boost growth by entering new sectors that are complementary to and in line with its specialization, he added. Regarding the impact of diesel prices on operating costs, the CEO emphasized that the continuous rise in diesel prices and the consequent increase in the prices of raw materials, such as asphalt posed a direct challenge to project costs and profit margins over the past years.
