Deal worth $17m signed for water projects in Jazan region

RIYADH: As part of Saudi Arabia’s efforts to ensure water security across the country, the sovereign wealth fund has signed a deal worth SR64.19 million ($17.02 million) for projects in the cities and villages of the Jazan region.

The Public Investment Fund signed the deal with Alkhorayef Water and Power Technologies Co., which will operate and maintain water projects in the region for 36 months, according to a bourse filing.