Riyadh - Mubasher: Naqi Water Company announced signing a contract with Bilad Al-Sham General Contracting Company to implement a project to build new poultry barns as part of the poultry sector expansion projects.

The company explained in a statement to "Tadawul" today, Sunday, that the value of the contract is 12.31 million riyals, and includes construction works to prepare the infrastructure, structures and buildings of poultry pens in accordance with the highest quality standards and in line with the application of the latest technology used in the table egg production sector .

She added that the project was designed and planned to operate breeding and production pens in order to increase the poultry sector's capacity by 450% compared to the current actual capacity, which will enable the production capacity to be increased to reach approximately 165 million eggs annually, in line with the general plan to expand the poultry sector .

She stated that the project will be implemented in two phases, which will allow the first phase to be operated before the entire project is completed, thus enhancing operational efficiency during the first year .

It expects the financial impact of this project to be reflected in its financial statements in the fourth quarter of 2025, and it expects the project to start in the fourth quarter of 2025 .

She pointed out that the contract will be self-financed by the company, according to the announcement, without the need for any external financing, indicating that this comes within the framework of the company's continuous efforts to develop its projects, expand the scope of its work and increase its production capacity.