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]