Synergy Consulting, Inc., serving as Financial Advisor, is thrilled to have supported the consortium of Asyad Group and Lamar Holding in the Financial Close of the Haradh and Wudayhi Project. Tendered by Saudi Aramco in December 2022 and awarded after multiple rounds of bidding, the project represents a groundbreaking initiative in the Eastern Province of Saudi Arabia, leveraging a Public-Private Partnership (PPP) with a build-own-operate-transfer (BOOT) structure.
This milestone project underscores Synergy’s commitment to delivering top-tier advisory for complex infrastructure projects that transform regional industrial and residential landscapes. The real-estate development will meet the needs of approximately 1,950 personnel at pivotal operations such as the Haradh Gas Plant and Southern Area Gas Production sites, providing modernized housing and strategic facilities for a robust and sustainable workforce.
The project’s targeted operational date in 2027, with a 20 year concession post the start of operations. The financial close process and Synergy’s role has been outlined in a greater detail in the below video. We extend our gratitude to the consortium and stakeholders for their trust and collaboration.
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