Article

Eversheds Sutherland advised Saudi Water Partnership Company on the financial close of the Ras Mohaisen IWP project in Al-Qunfudhah, Saudi Arabia. The project, with a total cost of SAR 2.57 billion (USD 685 million), aims to enhance water security for the Makkah and Al-Bahah regions, with initial production expected in 2028 and full capacity by 2030. The project mandates local content participation of 40% during construction, 50% in the first five years, and 70% thereafter.