Synergy Consulting is the financial advisor to the Consortium including Marafiq (Power and Water Utility Company for Jubail and Yanbu), Alamwal Alkhaleejiah Althaniya and Veolia Middle East to develop, finance, operate and transfer Independent Sewage Treatment Plant (“ISTP”) at Jeddah Airport.

Financial Consulting advisor to Consortium of Marafiq, Veolia, and Amwal

Synergy Consulting is the financial advisor to the Consortium including Marafiq (Power and Water Utility Company for Jubail and Yanbu) (45%), Alamwal Alkhaleejiah Althaniya (35%) and Veolia Middle East (20%) to develop, finance, operate and transfer Independent Sewage Treatment Plant (“ISTP”) at Jeddah Airport.

The Project is the largest ISTP in the Kingdom with an initial capacity of 300,000 m3/day, expandable to 500,000 m3/day and SWPC will be the sole Offtaker of the Project.

National Commercial Bank (NCB) is the sole Senior Lender on the Project. Total debt raised for the Project is USD 159.5 MN for a door-to-door tenor of approx. 27 years. Equity Bridge Loan for the Project is provided by Banque Saudi Fransi (BSF) and Arab National Bank (ANB).

The Consortium signed Project Agreements in February 2019 and Financing Agreements in June 2020. The Financial Close of the Project is achieved in September 2020 with collective efforts and commitment from SWPC, Sponsors, Lenders and Advisors.