The Water & Electricity Company (WEC) of Saudi Arabia has announced the appointment of an international advisory consortium for the Jubail (Phase-3) Independent Water Projects (IWP).

The company had received ten bids for the Transaction Advisory Services, of which three were shortlisted:

1. Synergy Consulting
2. SMBC
3. Cranmore Partner

The two desalination projects will be developed in Jubail, the eastern province in the Persian Golf Coast of Saudi Arabia. The Jubail 3A project will have a potable water capacity of 600,000 cubic meters per day while the Jubail 3B plant will have a capacity of 570,000 cubic meters per day.

WEC is advised by Synergy Consulting (Financial and Lead Advisor), DLA Piper Middle East LLP (Legal Adviser) and Atkins (Technical Adviser).