Financial Close for Jubail 3B IWP Project was achieved on October 19, 2021

Financial Close for Jubail 3B IWP Project (570,000 m3/ day RO plant with one day production storage) was achieved on October 19, 2021. The Project Agreements were signed by Saudi Water Partnership Company (SWPC) with a consortium comprising International Power S.A (“Engie”), Nesma Company Limited and Abdulaziz Al Ajlan Sons in June 2021. The Project will be located south of Jubail City and will supply water to Riyadh, Qassim and Eastern Provinces. 

Synergy Consulting is honored to have been associated with SWPC as Lead and Financial Advisor for Jubail 3B IWP and other marquee privatization programs like Independent Strategic Water Reserve and Independent Water Transmission Pipeline, and thus be a part of the Kingdom’s Public Private Partnership program for the water sector and Saudi Arabia Vision 2030. 

Synergy Consulting is an independent global company with offices in USA, India, Saudi Arabia, UAE, South Korea, Japan and Indonesia and is one of the leading Financial Advisors in MENA region, providing services to the government and private sector clients for Investment Advisory, Project Finance, Corporate Finance, Financial Analysis, Financial Modeling, Mergers & Acquisitions, Commercial and Financial Due Diligence, and Project Restructuring.