Article

Eversheds Sutherland has successfully advised Saudi Water Partnership Company (SWPC) on the financial close of the Ras Mohaisen Independent Water Plant (IWP) project in Al-Qunfudhah, Saudi Arabia. The desalination facility, costing SAR 2.57 billion (USD 685 million), is set to bolster potable water security for Makkah and Al-Bahah.

Initial production is scheduled for 2028, with full operational capacity targeted for 2030. The project includes local content participation goals of 40% during construction, 50% in the first five years, and 70% thereafter, along with 17 kilometers of overhead transmission lines and a 30 MW solar power plant.