For projects which entail significant capital investment, the private partner will typically utilize debt to finance a majority of the capex and initial operations. Insurance is a key area of interest for lenders, who will wish to ensure, as a condition of lending, that their interests in the insurances are adequately protected, and that the insurance framework provides appropriate protection to the project assets and services. The Privatization contract should enable lender concerns, e.g., for long-term cover and identification of lenders as co-insured, to be addressed, where this is not in conflict with the interests and objectives of the Kingdom.