Qurayyah IPP, a greenfield project, is developed on a BOO (build, own, operate) basis located on the eastern coast of Saudi Arabia with a net generation capacity of 3,927 MW. The design production capacity forms the largest IPP combined cycle gas-fired power plant in the world. Qurayyah IPP was recognized as a landmark transaction and won numerous awards including the Middle East IPP Deal of the Year (2011) from Project Finance magazine, published by Euromoney and the Best Project Finance Deal in 2011, from Euromoney’s Islamic Finance and “Best Power Deal” from EMEA Finance Magazine in its annual Project Finance awards.