Eversheds Sutherland with SWPC on IWP project closing
Eversheds Sutherland advised Saudi Water Partnership Company (SWPC), the procurer for critical water and wastewater infrastructure in the Kingdom of Saudi Arabia, on the financial close of the Ras Mohaisen Independent Water Plant (IWP) project, a desalination facility located in Al‑Qunfudhah in the Makkah region.
Initial production is scheduled to commence in 2028, with full operational capacity targeted for 2030. The total project cost is estimated at SAR 2.57 billion (USD 685 million).
The Eversheds Sutherland team
Partner Ashley Halewood (pictured) led the Eversheds Sutherland team on the transaction, with support from principal associate, associate Adite Aloke Saed Obeidat, as well as paralegals Sama Ali and Mohamed Al Ali.
The Mohammed AlDhabaan & Partners Eversheds Sutherland team worked under the leadership of partner Abdulatif Al Heraish and included support from associate Leen Al moaiqel (Associate), associate Nawaf Al Jasser and Ali Al Araifi.
