Client has invited consultants to submit proposals for the contract to provide transaction advisory services for the scheme.
The proposed Mecca strategic water reservoir public-private partnership (PPP) project is planned to cover the development of six independent strategic water reservoirs (ISWRs). the project will include the development of the following six ISWRs:
Moghamma: 8,000,000 cubic metres (cm)
Juranah: 2,000,000 cm
Al-Jmoom: 2,000,000 cm
North Jeddah: 4,000,000 cm
South Jeddah: 1,000,000 cm
Taif: 2,040,000 cm
Bids for the transaction advisory services role are due on 18 June. The appointed transaction adviser will provide services for an expected duration of 30 months.
SWPC has appointed Synergy Consulting (Financial and Lead Advisor) lead consortium including DLA Piper (Legal Advisor) and WSP (Technical Advisor) as successful transaction advisor.
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