Saudi Arabia

5 NOVEMBER 2025 – Global law firm DLA Piper has advised the Saudi Water Partnership Company (SWPC) on the successful close of the Jubail–Buraydah Independent Water Transmission Pipeline Project (IWTP), with a total project value of approximately USD2.2 billion. The project, which includes the development of a 587 km pipeline, will connect the Eastern Province of Jubail to the city of  Buraydah (in the Qassim region). It will be one of the largest water transmission projects in the Kingdom. Developed under a 35-year Build-Own-Operate-Transfer (BOOT) model, the pipeline, once complete, will have the capacity to transfer approximately 650,000 cubic meters per day of drinking water, enhancing water security for more than two million citizens. DLA Piper's role in this project builds on its work with the SWPC across its Independent Sewage Treatment Plant and Independent Water Project programmes. The firm has previously advised on landmark projects, including the first IWTP project, Rayis–Rabigh, and the first Independent Strategic Water Reservoir project, Juranah. The completion of this project reinforces the firm's leading capabilities in Project Finance and sectoral capabilities and knowledge, enabling it to structure and deliver complex, large-scale infrastructure projects that support the objectives of key initiatives, such as the National Water Strategy 2030 and Saudi Vision 2030.   The DLA Piper team was led by Adam Haque, a Dubai-based partner in the firm's Projects practice, part of the Finance practice. He was supported by a team from the firm's Dubai and Riyadh offices, including Finance Partner, and Co-Managing Partner of DLA Piper's Riyadh office, Paul Latto, along with Agathi Trakkidi (Finance, legal director), Rhys Rowland (Finance, senior associate), and Trisha Jivan and Abdulrahman Alhusain (both Finance associates). Commenting on the project, Adam Haque said: "This landmark project will transform the way water is supplied to millions of citizens across the region. Developed through the BOOT model, the project is a key example of how the Kingdom is increasing the use of public-private partnership financing for critical infrastructure that aligns with the Saudi Vision 2030. "The successful close of this project is another example of how our cross-border teams can support clients with notable and complex projects." DLA Piper's Finance practice is one of the driving forces of the DLA Piper global practice, providing market-leading insight and advice and representing leading investment and commercial financial institutions, public and private companies and government entities. The team advises clients across the full spectrum of banking/finance and capital markets, including asset-based lending, leveraged and debt finance, capital markets/high-yield bonds, derivatives, digital finance, fund finance, securitisation and structured finance, project finance, real estate finance, corporate treasury and venture finance. About DLA Piper DLA Piper is a global law firm helping our clients achieve their goals wherever they do business. Our pursuit of innovation has transformed our delivery of legal services. With offices in the Americas, Europe, the Middle East, Africa and Asia Pacific, we deliver exceptional outcomes on cross-border projects, critical transactions and high-stakes disputes. Every day we help trailblazing organizations seize business opportunities and successfully manage growth and change at speed. Through our pro bono work and community investment around the world, we help create a more just and sustainable future. Visit dlapiper.com to discover more. Contact Suraj Mashru, Senior PR Manager (UK), DLA Piper, +44 (0) 207 153 2617, [email protected] Jasmine Akouiradjemou, Communications and Events Manager (Dubai), DLA Piper, +971 4438 6119, [email protected]  

Dentons has advised Bank Gospodarstwa Krajowego (BGK), the Polish development bank, on a long-term investment loan of up to US$60 million granted to the Molo Group, owned by the Slominski family. The financing will be used to build a hotel complex with 251 rooms and suites on Providenciales, the main island of the Turks and Caicos archipelago in the Caribbean. The buildings will be constructed from equipment and modules manufactured in Poland. “It has been a great pleasure and satisfaction to assist BGK with this prestigious financing transaction, supporting the expansion of Molo Group in their largest investment to date. This project not only promotes Polish exports but also features exceptional hotel developments in some of the most stunning locations in the Caribbean”, said Tomasz Zwoliński, partner in the Banking and Finance practice in Warsaw. The complex includes two modular hotels: the 4-star boutique Indigo hotel and the 5-star Kimpton hotel. Both brands are owned by the international IHG group. The Indigo hotel is scheduled for completion by the end of 2025, while the Kimpton is scheduled for completion in the first half of 2027. Tomasz Zwoliński supervised and led the cross-border project, advising on English and Polish law matters related to preparing, negotiating and signing the finance documents and securities, which covered five jurisdictions and involved collateral and mechanisms related to hurricane risk. He was supported by Jakub Zienkiewicz (counsel) and Kamil Bator (associate) from the Banking and Finance team in Warsaw. The transaction team also included partner Babette Märzheuser-Wood, Global Head of the Franchise Group, and Agnieszka Nagórska-Kordeczka (counsel), who advised on hotel franchise agreements. Dentons worked alongside teams from Griffiths & Partners, who served as Turks and Caicos counsel, and Massiah Law, acting as Gibraltar law counsel, both members of the Nextlaw referral network. About Dentons Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you. dentons.com Media contact Lidia Adamczyk Communications, Marketing & Business Development Manager +48 513 045 352 [email protected]