East West Pipeline Residential Compounds Project – Financial Close Achieved

The East West Pipeline residential compounds project achieved financial close in September 2021 with financing of over USD 500 MN. The project includes development of residential compounds including life-support and recreational facilities at six sites along the 1,200 km long East-West pipeline.

These compounds will house over 1,700 Saudi Aramco employees and are being developed under the Build-Own-Operate-Transfer (BOOT) framework by a consortium of Asyad Holding, Lamar Holding and Wisayah Investment Company. The lease agreements for the project were signed in May 2021 between Aramco and the project company, which has a concession period of 20 years post construction of the six compounds.