Synergy Consulting appointed as lead and financial advisor to SWPC for procuring Independent Strategic Water Reserve (ISWR) projects in Saudi Arabia

Synergy Consulting is pleased to announce its appointment as lead and financial advisor by Saudi Water Partnership Company “SWPC” (formerly WEC) for procuring Makkah ISWRs (“Project”) in Saudi Arabia. In accordance with KSA Vision 2030, the objectives of the Project are to improve Saudi Arabia’s water sector resilience in order to respond to emergencies and to provide peak load management of Hajj water demand.

Makkah ISWRs would be procured under a PPP Model and would be one of the first ISWR tenders in the region on a PPP basis. The total water storage capacity of the Project is expected to be close to 19 million cubic meters. The Project is envisaged to be procured under ~3-4 separate tenders with a concession term expected to be ~30 years. The advisors on the Project are – Synergy Consulting (as the financial and lead advisor), DLA Piper (as the legal advisor); and WSP (as the technical advisor).