Leveraging its market leading banking and finance practice, Legal Advisors, Abdulaziz I. Al-Ajlan & Partners in association with Baker & McKenzie Limited has a market-leading practice for funding the construction of large-scale infrastructure projects. The firm’s active client base, which includes local and national banks and large developers, spans the real estate, chemicals, healthcare and government sectors. The practice is headed by project finance specialist Ian Siddell, who splits his time between Saudi Arabia and Bahrain; and George Sayen, a senior legal adviser who co-leads the practice in Saudi Arabia. Strengthening the firm’s banking work, Basel Barakat and Gavin Witcombe, an experienced mediator and arbitrator, provide traditional financing, transactions and structuring services to various developers.
Projects and energy in Saudi Arabia
Legal Advisors, Abdulaziz I. Al-Ajlan & Partners in association with Baker & McKenzie Limited
Praxisleiter:
Ian Siddell; George Sayen
Weitere Kernanwälte:
Basel Barakat; Gavin Witcombe; Fatima Alhasan; Delwar Hossain
Referenzen
‘Very responsive, friendly, solutions oriented and competent.’
‘Worked closely with the members of the projects and banking and finance team, who are knowledgeable and commercially aware of recent developments and approaches to transactions in Saudi Arabia.’
‘Excellent communication and responsiveness. Attend to all queries and requests in an efficient and timely manner.’
Kernmandanten
Saudi Arabian Mining Company (Ma’aden)
Banque Saudi Fransi
Samba Financial Group / Samba Capital
Saudi Binladin Group Company Limited
The National Commercial Bank
Arab National Bank
ACWA Power International
Al Rahji Banking and Investment Corporation
HSBC Saudi Arabia / The Saudi British Bank
The Saudi Investment Bank
Gulf International Bank B.S.C / GIB Capital
Arab Petroleum Investment Corporation (APICORP)
ABC Islamic Bank (E.C.)
Olayan Saudi Holding Company
Saudi Arabia Ministry of Finance
Saudi Electricity Company
SNB Capital Company
Highlight-Mandate
- Acted as legal counsel to HSBC Saudi Arabia in relation to a SAR 10bn syndicated financing to Saudi Electricity Company (SEC).
- Acting as legal counsel for Thakher Development Company and its major shareholder, Mohammed Alsubeaei & Sons Investment Company (MASIC), in relation to the circa SAR 4.357bn real estate financing for the purposes of a mixed-use development project in Mecca, Saudi Arabia.
- Acting for Tadawul-listed Methanol Chemicals Company (Chemanol) in relation to SAR 695m murabaha-based refinancing and expansion project financing facilities from Banque Saudi Fransi and Alinma Bank.
AS&H Clifford Chance
Widely regarded as one of the market-leading firms in the Saudi Arabian market, AS&H Clifford Chance combines a strong ground presence in Saudi Arabia with the competitive standards of an international firm. Yasser Al-Hussain heads the practice from Riyadh. Al-Hussian is a key individual in advising large financiers and developers like the Public Investment Fund and Ma’aden in financing energy infrastructure and industrial facilities in Saudi Arabia. At the senior associate level, Ali Moiz Ansari is a key figure to note.
Praxisleiter:
Yasser Al-Hussain
Weitere Kernanwälte:
Ali Moiz Ansari
Referenzen
‘The on-hand availability of the projects and energy team is impressive, responding before our deadlines with a quality of work that goes unmatched by their competitors.’
Kernmandanten
Saudi Electricity Company
The Public Investment Fund
Water and Electricity Holding Company (Badeel)
Standard Chartered Bank
Saudi Arabian Mining Company (Ma’aden)
Ma’aden Phosphate Company
Highlight-Mandate
- Advised Water and Electricity Holding Company (Badeel) as sponsor in respect of the senior finance facilities and the equity bridge loan facility for the Shuaibah 3 IWP Project.
- Advised Saudi Arabian Mining Company (Ma’aden) in connection with the renewal of its revolving Murabaha facility for a period of five years and an upsize in the facility amount to SAR 11.25bn ($3bn) on renewed commercial terms.
- Advised Ma’aden Phosphate Company in connection with the renewal of its SAR 500,000,000 revolving Murabaha facility for a period of 5 years on renewed commercial terms.
White & Case
White & Case has a strong historical position within the Saudi Arabian project and energy market, notably advising the Public Investment Fund, Saudi Aramco, NEOM and many other state agencies. Backed by the bench strength of partners in Abu Dhabi, Dubai and London, Alec Johnson and Waad Alkurini anchor the firm’s office in Riyadh. Johnson specialises in advising sponsors, lenders and procurers on a variety of projects, with a focus on energy infrastructure, while Alkurini brings experience to advising financial institutions and borrowers on financing transactions based on both conventional and Shari’ah structures, including restructuring and syndicated financing.
Praxisleiter:
Alec Johnson; Waad Alkurini
Referenzen
‘Great team.’
‘Excellent lawyers.’
Kernmandanten
Saudi Arabian Oil Company (Saudi Aramco)
Red Sea Development Company
NEOM Company
Public Investment Fund (PIF)
The Lenders to Advanced Polyolefins Company
Saudi Power Procurement Company (SPPC)
Saudi Water Partnership Company (SWPC)
Saline Water Conversion Corporation (SWCC)
National Center for Privatization & PPP
Highlight-Mandate
- Representing the project company in connection with the financing of a greenfield facility powered by renewable energy sourced from wind, solar and battery storage for the production and export of hydrogen to global markets to be located in the Middle East.
- Advised a consortium of nine Saudi and regional banks in connection with the SAR 6.1bn Islamic project financing of Advanced Polyolefins Industry Company’s new petrochemicals complex located in Jubail Industrial City, Kingdom of Saudi Arabia.
- Advising Saudi Aramco on the structuring, tendering, development and financing of a 320MW Jafurah cogeneration power project to provide power and steam to support the Jafurah field development program in Saudi Arabia; and a 185,000 m3/day Zuluf water treatment plant to support water injection for the Zuluf onshore oilfield project in the Arabian Gulf.
BLK Partners
BLK Partners, the recent combination of the two firms, EKP and MBLLF, brings practice area strength to Saudi Arabia. The firm is experienced in advising government procuring entities and project sponsors in project financing projects. Additionally, the firm provides dispute resolution services for construction matters. Hadi Melki leads the practice. Melki is a specialist in advising in public-private partnerships for infrastructure projects for various industries, particularly industrial development and mining.
Praxisleiter:
Hadi Melki
Referenzen
‘Hadi Melki has key PPP expertise, which remains unparalleled in Saudi Arabia for a regional firm. ’
‘Hadi Melki is available, professional and has a great quality of work.’
Kernmandanten
Saudi Fal Company
Derayah LLPC – Saudilegal
Headquartered in Jeddah, Derayah LLPC – Saudilegal is an independent Saudi Arabian law firm regularly instructed by both local and international clients and international law firms on transactions and legal issues related to energy and chemical infrastructure projects. Ali Abedi heads the practice. Abedi, an experienced practitioner in both projects and corporate and M&A, currently advises on such matters as ACWA Power and Air Products’ agreement with Saudi Aramco to form a gasification and power joint venture.
Praxisleiter:
Ali Abedi
Weitere Kernanwälte:
Dana Halwani
Referenzen
‘The Derayah team is knowledgeable, creative, practical, available, thorough and very helpful.’
‘Ali Abedi stands out for projects in the energy market.’
Kernmandanten
Air Products
ACWA Power
Marubeni Corporation
Abu Dhabi National Energy Company (Taqa)
Al Jomaih Energy & Water Company Limited
Highlight-Mandate
- Acted as advisors to ACWA Power and Air Products on their agreement with Saudi Aramco to form a gasification and power joint venture.
- Acted as advisors to Japan’s Marubeni Corporation and the UAE-based Abu Dhabi National Energy Company (Taqa) on the planned Marjan cogeneration independent steam and power plant (ISPP) and Tanajib desalination plant.
- Advised the consortium of Marubeni Corporation and Al Jomaih Energy & Water Company Limited (Al Jomaih) on various legal aspects of the 300MW Rabigh Solar PV Independent Power Project (IPP).
Faisal Adnan Baassiri Law Firm in association with Ashurst LLP
Faisal Adnan Baassiri Law Firm in association with Ashurst LLP brings expertise to projects and energy work, harnessing the international strength of teams in Dubai, Abu Dhabi and London. David Charlier, based in Dubai, is an expert in advising funders on financing the construction and operation of major infrastructure projects. In November 2023, the firm received its licence to practice in Saudi Arabia. Project finance partner Bilal Rana, who handles complex PPP matters in Riyadh, and the Jeddah-based Saudi Arabian managing partner and energy and infrastructure transaction specialist Faisal Adnan Baassiri both currently act on large government privatisation projects involving ports in across the nation.
Praxisleiter:
Bilal Rana; Faisal Baassiri; David Charlier
Kernmandanten
Abu Dhabi National Oil Company (ADNOC)
Vision Invest
Sojitz Corporation
Itochu
National Centre for Privatisation and PPP
EWEC
TAQA
Saudi British Bank
Highlight-Mandate
- Acting as counsel to funders on the financing of the expansion, construction, operation and maintenance of a container terminal operated by DP World at Jeddah Islamic Port.
- Advising the NCP and Mawani on a partnership with a private sector participant for the privatisation of the operations of multiple port concessions in the Kingdom of Saudi Arabia, assisting on all legal elements of the procurement process, from inception of procurement to signing of the concession agreements.
Khoshaim & Associates
Khoshaim & Associates leverages the expertise of its banking and finance practice to advise high-profile clients, most notably Saudi Aramco, NEOM and various local banks on matters involving project development and finance. The practice is headed by Zeyad Khoshaim, who specialises in conducting the financing and refinancing of infrastructure projects, such as malls and bridges. Hamdan Van Den Brule supports the practice with his experience of public private partnerships, construction contracts and private procurements, while Karim Wali brings strength to acting for lenders and borrowers on a wide range of finance transactions.
Praxisleiter:
Zeyad Khoshaim; Hamdan van den Brule; Karim Wali
Referenzen
‘The Khoshaim team has the needed legal skills to advise on legal matters in the Kingdom of Saudi Arabia. They are diverse in nature, and have the strong connections with businesses and governmental entities.’
Kernmandanten
Saudi Arabian Oil Company (Saudi Aramco)
NEOM
Vision Invest
Banque Saudi Fransi
Riyad Bank
The Saudi Awal Bank
Ministry of Health
Al Balad Development Company
Al Rajhi Bank
JP Morgan Securities PLC
Tatweer Buildings Company (TBC)
Highlight-Mandate
- Successfully advised the senior lenders in respect of the financing, development, construction, operation and maintenance of the Helios green hydrogen project at NEOM in the Kingdom of Saudi Arabia.
King & Spalding
The corporate, finance and investments team at King & Spalding is well-equipped to support clients on large energy infrastructure projects in Saudi Arabia. Some of the practice’s notable clients include NEOM, EDF and the Abu Dhabi Future Energy Company. Based in Abu Dhabi, Tim Burbury leads the team and is well versed in advising on bids to finance, design and operate both renewable and conventional power projects. At the associate level, Sam Muir, also based in Abu Dhabi, is a name note. In May 2023, James Clark left the firm.
Praxisleiter:
Tim Burbury
Weitere Kernanwälte:
Sam Muir; Dan Feldman; Brendan Hundt
Kernmandanten
NEOM
Abu Dhabi Future Energy Company
Electricity de France (EDF)
Mubadala Investment Company
Misk Foundation
Norton Rose Fulbright
Norton Rose Fulbright has great experience in advising Saudi Arabian and regional banks in conducting public private partnerships and general legal matters for large infrastructure projects in Saudi Arabia. While the firm conducts a significant amount of work from its London and Dubai offices, practice head David Johnston is based in Riyadh, where he advises on a large variety of infrastructure works, including renewable energy, car parks and water production projects.
Praxisleiter:
David Johnston
Referenzen
‘Broad experience in PPP projects across a variety of industries and sectors. Good depth of expertise on the ground in Riyadh.’
‘David Johnston is particularly excellent – super responsive and provides pragmatic and commercially focused advice.’
‘The team is responsive, knowledgeable and possesses a vast amount of experience handling precedent transactions that was extremely helpful in completing our legal due diligence on multiple transactions.’
Kernmandanten
Emirates District Cooling (Emicool)
Al Fransi Bank
Bank Al Jazira
Saudi Awwal Bank – SAB (previously SABB)
ACWA Power
Jinko
Metitio
Power & Water Utility Company for Jubail & Yanbu (Marafiq)
Abu Dhabi Islamic Bank
National Bank of Kuwait
Ahli United Bank
Abu Dhabi Commercial Bank
Highlight-Mandate
- Advising in relation to financing arrangements provided by The Saudi British Bank to Shuaibah Three Water Desalination Company in relation to the Shuaibah 3 power generation and seawater desalination project in the Kingdom of Saudi Arabia.
- Advising the lenders’ counsel on the Rabigh-4 independent water production (IWP) project.
Law Firm of Hassan Mahassni
Law Firm of Hassan Mahassni engages in a wide range of projects and energy matters. Recently, the practice worked on the construction of power plants, desalination plants and refuelling stations. Emad Zahrani and Faisal Linjawy lead the practice. Zahrani regularly advises bidders and shareholders on construction projects, while Linjawy brings to projects his experience in joint ventures and corporate restructuring.
Praxisleiter:
Emad Zahrani; Faisal Linjawy