Pinsent Masons advises on US$700 Million Madinah 3, Buraydah 2 and Tabuk 2 independent sewage treatment plants in Saudi Arabia

04 Mar 2022 | 10:56 am | 1 min. read

Multinational law firm Pinsent Masons together with Al Sabhan Alajaji has advised the consortium of Acciona Agua S.A, Tamasuk Holding Company and International Water Distribution Company (Tawzea) on the Madinah 3, Buraydah 2 and Tabuk 2 Independent Sewage Treatment Plant projects

The Madinah 3, Buraydah 2 and Tabuk 2 projects involve the design, construction, financing, operation and maintenance of new wastewater treatment plants of 375,000m3 per day, 150,000m3 per day and 90,000m3 per day in Madinah, Buraydah and Tabuk respectively in the Kingdom of Saudi Arabia.

The Pinsent Masons team advising the consortium was led by energy and infrastructure finance partners Gurmeet Kaur and David Platt advising the client on all aspects of the project documents, construction documents and conventional and Islamic financing. for the bid stage and then to financial close. Local law expertise was provided Pinsent Masons’ Saudi association firm Al Sabhan Alajaji, led by partners Ibrahim Alajaji and Abdullah Algowaiz.

Commenting on the deal, Gurmeet Kaur partner said:

"Reaching financial close simultaneously on three significant PPP projects in the Kingdom within an extremely challenging time frame demonstrates our ongoing expertise and innovation in this market, including solving challenges brought by the ongoing pandemic, global supply chain constraints and interest rate transition, and showcases our commitment to meet the objectives of our clients in partnership with SWPC to achieve the wider Vision 2030 goals of the Kingdom”.

The projects are developed under a long-term build, own, operate and transfer (BOOT) structure which is a key part of the Kingdom’s 2030 vision for increasing public private partnerships (PPP) in the infrastructure sector. These projects are among the first in the Kingdom (and the first ISTP financings) to achieve Green Loan treatment.

Latest press releases

Show me all press releases

Pinsent Masons has 2040 science-based net-zero target verified

Multinational law firm Pinsent Masons is one of the first law firms to have its global 2040 net-zero target verified by the Science Based Targets initiative, as it doubles down on efforts to reduce its impact on climate change.

Pinsent Masons is successful with City of Munich landmark Oktoberfest appeal

Multinational law firm Pinsent Masons is advising the City of Munich in appeal proceedings brought by the organisers of a planned Oktoberfest event in Dubai. The organisers provided cease-and-desist undertakings, thereby in effect accepting a preliminary injunction issued in this landmark case by the District Court in favour of the City of Munich.

Pinsent Masons advises Northern Gritstone on £215m fund raising

Multinational law firm Pinsent Masons has advised the new investment business Northern Gritstone, founded by the Universities of Leeds, Manchester and Sheffield, on its £215m fund raising.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons has 2040 science-based net-zero target verified

Multinational law firm Pinsent Masons is one of the first law firms to have its global 2040 net-zero target verified by the Science Based Targets initiative, as it doubles down on efforts to reduce its impact on climate change.

Pinsent Masons advises Ithaca Energy on its US$1.5 billion acquisition of Siccar Point Energy

Multinational law firm Pinsent Masons has advised Ithaca Energy on its US$1.5 billion acquisition of Siccar Point Energy from sponsors Blackstone Energy Partners and Blue Water Energy and the management team.

Neil Black named as head of Pinsent Masons’ Manchester office

Multinational law firm Pinsent Masons has appointed employment partner, Neil Black, as the new head of its Manchester office.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts