Alkhorayef Water and Power Technologies

What Alkhorayef Water and Power Technologies does

Alkhorayef Water and Power Technologies Co. (AWPT) is a Saudi Arabian municipal water and wastewater infrastructure contractor headquartered in Riyadh, founded in 1991 and listed on the Tadawul Stock Exchange (ticker: 2081) since March 2021. The company operates exclusively in a business-to-government (B2G) model, designing, financing, constructing, and operating water, storm water, sanitary sewer, water transmission, and desalination infrastructure under long-term Build-Own-Operate-Transfer (BOOT) and public-private partnership (PPP) concession frameworks. Its core clients are Saudi government ministries, the National Water Company (NWC), the Jeddah Municipality, Dubai Municipality, and Tashkent city authorities, with project values typically ranging from SAR 50M to over SAR 200M per individual award.

AWPT's revenue model combines three streams: (1) one-time EPC construction contracts for water, storm water, and sewer networks awarded via competitive public procurement; (2) long-term BOOT/PPP concession operations generating recurring revenue over typically 20–25 year terms; and (3) multi-year operations and maintenance (O&M) contracts for storm water, sanitary sewer, and water networks. Pricing is not publicly disclosed and is determined through competitive tendering. Go-to-market is sales-led and relationship-driven, with the company typically bidding as part of consortia alongside strategic partners including ACWA Power, TAQA, Vision Invest, Cobra Instalaciones y Servicios, Aljomaih Energy and Water, Etihad Water & Electricity, Tamasuk Holding, and Veolia. The company has offices in Saudi Arabia's Eastern Province, Jeddah, and Tashkent (Uzbekistan), with project presence across the GCC and Central Asia.

In 2024, AWPT reported a 16% year-on-year revenue increase and a 64% year-on-year net income increase, and secured multiple large municipal contract awards in Saudi Arabia totaling SAR 700M+. Its most significant international engagement is as a consortium member in Dubai's approximately $3 billion Strategic Sewerage Tunnels – Package W project. The company employs between 5,001 and 10,000 people and is governed by a board chaired by Mohammed bin Abdullah Alkhorayef following his June 2026 reappointment, with Faisal bin Abdulaziz Al-Duwaish serving as Vice Chairman.

Name

Alkhorayef Water and Power Technologies

Legal name

Alkhorayef Water and Power Technologies Co.

Website

https://awpt.com.sa

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Alkhorayef Water and Power Technologies is a Saudi-listed B2G infrastructure contractor that designs, finances, builds, and operates municipal water, wastewater, storm water, and desalination assets under EPC and long-term BOOT/PPP concessions for government clients including the National Water Company, Jeddah Municipality, and Dubai Municipality.

Ownership category

akta.pro rank

Product category

Water Infrastructure Services

NAICS

Sewage Treatment Facilities (22132), Water, Sewage and Other Systems (2213), Water Supply and Irrigation Systems (221310)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Desalination Plant EPC, O&M & Performance Optimization (EUANAFAK)

akta.pro secondary industry

Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Municipal water infrastructure
• Wastewater treatment construction
• Desalination plant development
• Storm water network services
• Water transmission pipelines

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Infrastructure Construction Contracts (EPC): Engineering, procurement, and construction (EPC) contracts for water, storm water, and sewer networks awarded by government and municipal clients. These are typically one-time capital contracts structured under public procurement or PPP frameworks, representing the primary near-term revenue driver.
2. Long-term BOOT/PPP Concession Operations: Build-Own-Operate-Transfer (BOOT) and public-private partnership (PPP) concessions for water treatment, desalination, and transmission infrastructure. These generate recurring operational revenue over concession terms of typically 20–25 years.
3. Operations and Maintenance Contracts: O&M contracts for storm water, sanitary sewer, and water networks awarded by municipalities and the National Water Company. Revenue is recurring over the contract duration, typically multi-year terms.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

Alkhorayef Water and Power Technologies designs, builds, finances, operates, and maintains municipal water, storm water, sanitary sewer, water transmission, and desalination infrastructure. The company delivers these capabilities through engineering, procurement and construction (EPC) contracts, build-own-operate-transfer (BOOT) and public-private partnership (PPP) concessions, and long-term operations and maintenance (O&M) agreements awarded by government utilities and municipalities.

Product overview

Alkhorayef Water and Power Technologies Co. (AWPT) is a Saudi water infrastructure company that operates as a services and construction contractor rather than a software product company. The company provides municipal water and wastewater infrastructure services including stormwater network operation and cleaning, sanitary sewer network construction and expansion, and water/wastewater network operation and maintenance. Projects are delivered through public-private partnerships and direct municipal contracts, with no software products, platforms, or modules identified in the available source data.

Differentiator

Problem solved

Functional benefit

Products and services

• Storm Water Network Operation and Maintenance Operation and cleaning services for municipal storm water drainage networks, delivered under long-term O&M contracts for government utilities and municipalities in Saudi Arabia and the wider GCC.
• Sanitary Sewer Network Construction and Expansion Engineering, procurement, and construction of new and expanded municipal sanitary sewer networks for utilities such as the National Water Company (NWC) in Saudi Arabia and international municipal clients.
• Water and Wastewater Network Operation and Maintenance Operation and maintenance of municipal water and wastewater networks, providing utilities with managed service delivery, asset upkeep, and regulatory compliance support.
• EPC Water and Desalination Infrastructure Contracts Turnkey engineering, procurement, and construction of water transmission pipelines, desalination plants, and associated infrastructure, awarded through competitive government and municipal tenders.
• BOOT / PPP Water Concessions Build-Own-Operate-Transfer (BOOT) and public-private partnership (PPP) concessions in which AWPT finances, builds, owns, and operates municipal water and wastewater assets for a contracted period before transferring them back to the public authority.

Quantifiable outcome

• Net income increased 64% year-on-year in 2024, reflecting strong execution and project scaling.
• +2 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered flagship, core and minor.

• Dubai MunicipalityflagshipOthersAWPT is a member of the Package W consortium for the Dubai Strategic Sewerage Tunnels project, led alongside Etihad Water & Electricity and Tamasuk Holding, with Chinese EPC contractors and Veolia as additional consortium partners. The project is estimated at approximately $3 billion and forms part of an $80 billion broader Dubai infrastructure programme. This represents AWPT's most prominent international project engagement.
• Etihad Water & ElectricitycoreStrategic or Co-development PartnerEtihad Water & Electricity is the lead consortium partner for the Dubai Strategic Sewerage Tunnels project (Package W), in which AWPT participates as a consortium member. Etihad serves as a key local partner providing regulatory knowledge and operational credibility within the UAE infrastructure sector.
• Tamasuk HoldingcoreStrategic or Co-development PartnerTamasuk Holding serves as a consortium partner alongside AWPT in the Dubai Strategic Sewerage Tunnels project (Package W). As a Saudi Arabian investment and infrastructure holding company, Tamasuk provides local market expertise and capital allocation capabilities to the consortium.
• VeoliaminorStrategic or Co-development PartnerVeolia participates as a consortium partner in the Dubai Strategic Sewerage Tunnels project (Package W), bringing global water and environmental services expertise to the consortium. Veolia's role adds technical credibility and international best practices to the project's delivery.
• Vision InvestcoreStrategic or Co-development PartnerVision Invest is a consortium partner with AWPT for desalination projects. Vision Invest is a Saudi Arabian infrastructure investment company with a portfolio spanning water, power, and transport assets, making it a strategically aligned partner for large-scale water infrastructure development.
• TAQAcoreStrategic or Co-development PartnerTAQA (Abu Dhabi National Oil Company subsidiary for water and power) is a consortium partner with AWPT for desalination projects. TAQA's scale as a major regional utilities operator and its financing capabilities make it a key strategic partner for BOOT-structured desalination concessions.
• ACWA PowercoreStrategic or Co-development PartnerACWA Power is a consortium partner with AWPT for desalination projects. ACWA Power is one of the world's largest private water desalination developers, bringing extensive BOOT concession experience and international technology expertise to the partnership.
• Cobra Instalaciones y ServicioscoreStrategic or Co-development PartnerCobra Instalaciones y Servicios is a consortium partner with AWPT for Independent Water Transmission Pipeline (IWTP) projects. Cobra, part of the ACS Group, is a global infrastructure construction and services company, providing EPC capabilities and technical execution expertise to the consortium.
• Aljomaih Energy and WatercoreStrategic or Co-development PartnerAljomaih Energy and Water is a consortium partner with AWPT for Independent Water Transmission Pipeline (IWTP) projects. As a Saudi Arabian energy and water investment company, Aljomaih provides local market access, regulatory navigation, and co-investment capacity for infrastructure development in the Kingdom.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ACWA Power: Saudi-listed power and water desalination developer and operator (Tadawul:2082) and AWPT consortium partner on desalination projects. Both run BOOT concessions for water/power infrastructure across MENA; ACWA is a global leader in private desalination and competes for the same large BOOT tenders AWPT bids on as consortium member.
• Power & Water Utilities Company for Jubail and Yanbu (MARAFIQ): Saudi water and power utility serving Jubail and Yanbu industrial cities. Like AWPT, MARAFIQ operates water and wastewater infrastructure under long-term concessions; comparable in scale, concession model, and customer base (industrial municipalities and government).
• Cobra Instalaciones y Servicios (ACS Group): Spanish global infrastructure EPC contractor and AWPT consortium partner on IWTP projects. Cobra competes for and executes large water transmission and EPC contracts across the Middle East, including the same Saudi IWTP and water network tenders AWPT targets.
• Nesma Water & Energy: Saudi infrastructure contractor and developer active in water, power, and industrial projects under PPP/BOOT models. Comparable to AWPT in size, customer base (Saudi government and industrial clients), and BOOT concession participation in domestic water projects.
• Metito Holdings: UAE-based global water and wastewater solutions provider operating across MENA, Africa, and Asia. Designs, builds, and operates desalination and wastewater treatment plants under BOOT/PPP frameworks — directly comparable in business model, customer base, and concession structure to AWPT.
• Aljomaih Energy and Water: Saudi energy and water investment company and AWPT consortium partner on IWTP projects. Develops and operates water and power concessions domestically, bidding into the same Saudi municipal and industrial water tenders as AWPT.
• Vision Invest: Saudi infrastructure investment holding company and AWPT consortium partner on desalination projects. Invests in and develops water, power, and transport assets under PPP frameworks, bidding into the same Saudi water infrastructure tenders as AWPT.

Regional players

• Doosan Enerbility (Doosan Heavy Industries): Korean EPC contractor with major desalination and water infrastructure presence in the Middle East. Builds large-scale desalination plants and water transmission systems under EPC and BOOT frameworks across the Gulf — competes for the same mega-project tenders AWPT bids on as consortium member.

Broad incumbents

• Veolia Middle East: Global environmental services and water infrastructure operator participating as a consortium partner on the Dubai Strategic Sewerage Tunnels with AWPT. Operates water/wastewater concessions globally, including MENA — competes in the same mega-tenders but with a much broader portfolio across water, waste, and energy.
• TAQA (Abu Dhabi National Energy Company): UAE-listed integrated utilities group with significant water and power assets and AWPT consortium partner on desalination. TAQA is a much larger incumbent operating across generation, transmission, and water desalination regionally — competes for the same BOOT concessions but on a broader portfolio basis.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AWPTCO

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alkhorayef Water and Power Technologies