The eighth firm is also expected to confirm the price it submitted for the work a year ago.
The consultants will be issued with letters of intents by SWCC and it is understood that the privatisation process will be launched within two months.
The US' Booz & Company is the strategic adviser on the privatisation and is also responsible for change management. Germany's Fichtner is the technical adviser and HSBC is the financial adviser. Freshfields Bruckhaus Deringer is the legal adviser, while KPMG of The Netherlands is to advise on accounting and Canada's Hay Group on human resources. The US' Ernst & Young is the information technology adviser.
The privatisation will restructure SWCC into a holding company and several production units. The production units will bundle together new and existing water plants (MEED 11:7:08).
You might also like...
Algeria signs oil deal with Swedish company
19 April 2024
Masdar and Etihad plan pumped hydro project
19 April 2024
Ewec signs Ajban solar PV contract
19 April 2024
Contractor orders compressors for onshore project
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.