Firms To Watch: Infrastructure and projects (including project finance)

Herbert Smith Freehills LLP is well-positioned to act on both conventional and renewable energy and hard infrastructure projects, with strong activity in Saudi Arabia. Sarosh Mewawalla and Christopher Cross co-lead the practice.
Hunton Andrews Kurth LLP has a strong UAE-based team that is well equipped to handle the complex development and financing aspects of a range of energy and infrastructure projects. Group lead Patricia Tiller is a proficient cross-border advisor, while special counsel Martin A. Skehill focuses on project finance. has

Infrastructure and projects (including project finance) in United Arab Emirates

A&O Shearman

A&O Shearman continues to be a dominant force in the infrastructure and energy market, working with a litany of  industry heavyweights - both Middle Eastern and international - who rely on the team’s advice for some of the regions largest projects. The firm’s deep bench of experienced advisors are kept on retainer by the Abu Dhabi Investment office to aid with the development of Abu Dhabi’s PPP regulatory framework, giving them key exposure to a wide array of hard, soft, and critical infrastructure ventures, as well as being a key player in the burgeoning renewable energy activity in the region. Assuming leadership following Julian Johansen‘s retirement, new practice head Joe Clinton works with a variety of sponsors, borrowers and lenders on strategic financing mandates, while Ian Ingram-Johnson‘s far-reaching international practice sees him cover procurement, financing, and construction issues in Oman, Saudi Arabia and Qatar. Sachin Karia spearheads a number of the team’s social infrastructure projects, including school and hospital PPPs, whereas Kyle Nevin is chiefly instructed on energy matters.

Praxisleiter:

Joe Clinton


Weitere Kernanwälte:

Ian Ingram-Johnson; Sachin Karia; Kyle Nevin


Referenzen

‘Kyle is an innovative thinker. He is always energetic and always delivers.’

 

Kernmandanten

Abu Dhabi Investment Office


Tatweer Building Company


Saudi Electricity Company


TAQA


Masdar


ADNOC


Highlight-Mandate


  • Advised ADIO on the development of Abu Dhabi’s PPP regulatory framework.
  • Advised the ECAs and lenders on USD 8.4 billion financing of NEOM Green Hydrogen Project in the Kingdom of Saudi Arabia.
  • Advised Natixis Corporate & Investment Banking as lender on the project financing of the development and operation of a portfolio of hyperscale grade data centres being developed in Saudi Arabia by Quantum Switch Tamasuk

Ashurst LLP

Advising numerous premium industry players and leading financial institutions, Ashurst LLP continue to be active on precedential infrastructure work, working across the investment, development, procurement, and financing aspects of projects. Beyond its noted expertise in oil and gas matters, the firm advises on major social infrastructure and transport infrastructure PPP projects, as well as leading work in the renewables space. Practice head David Charlier is a go-to figure for lenders, sponsors and governmental bodies across the Middle East, active on both key Abu Dhabi mandates and work in Saudi Arabia. Joss Dare is highly regarded for his transport expertise, with recent engagement including a number of significant port expansions, while Luke Robottom is regularly engaged by the Abu Dhabi National Oil Company (ADNOC), among other clients. Both Grant Batten and Natasha Kavanagh are especially active on the financing piece, advising lenders on the pre- and post-bid stages. Yvonne Cross continues to be a strong practice presence.

 

Praxisleiter:

David Charlier


Weitere Kernanwälte:

Joss Dare; Luke Robottom; Yvonne Cross; Grant Batten; Natasha Kavanagh


Kernmandanten

Abu Dhabi National Oil Company (ADNOC)


Itochu Corporation


Vision Invest


Sojitz Corporation


National Centre for Privatisation and PPP


EWEC


Tadweer


TAQA


Dubai Municipality


ADNOC Drilling


Plenary Group


Besix


Saudi British Bank


Highlight-Mandate


  • Advised on Project Lightning, a project jointly procured by ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) involving the design, construction, maintenance and operation of two high-voltage, direct current (HVDC) sub-sea power transmission systems which will connect ADNOC’s offshore production facilities to Abu Dhabi’s onshore electricity grid.
  • Advising ITOCHU in its role as a member of the sponsor consortium procuring construction of the low carbon steel hub in Abu Dhabi, which will use natural gas to reduce iron ore instead of coking coal.
  • Advising ADNOC, as procurer, in relation to the development, design, engineering, procurement, permitting, construction, commissioning, insurance, operation, maintenance and transfer of an independent water treatment and transportation system, comprising the seawater intake/outfall and nanofiltration plants in Mirfa, the water transportation pipelines, the pumping station and an in-field distribution system in the Emirate of Abu Dhabi on a build, own, operate and transfer basis.

Clifford Chance

‘Commercially-oriented, flexible, responsive’ Clifford Chance is instructed by lenders, sponsors and investors on multi-billion pound infrastructure and energy projects across the Middle East, North Africa, and Central Asia. The team leverages its substantial global financial markets expertise to advise on a myriad of assets, including – but not limited to – solar and wind, oil and gas, hydrogen and utilities. The practice is led by Mohamed Hamra-Krouha, a prolific project finance partner who has overseen a number of the region’s most consequential builds, particularly in Egypt and Saudi Arabia. Fellow co-head Richard Parris and syndicated lending specialist Graham Brewer bring further financing expertise to the fore, both possessing broad and jurisdictionally diverse experience. Counsel Jeremy Barker and senior associate Prakruthi Gowda are further key members of the team.

Praxisleiter:

Mohamed Hamra-Krouha; Richard Parris


Weitere Kernanwälte:

Graham Brewer; Jeremy Barker; Prakruthi Gowda


Referenzen

‘Strong industry insight, networks, and experience.’

‘Commercially-oriented, flexible, responsive, creative, and with clear communication. Always have timely delivery, and advise efficiently with transparency.’

‘Solution oriented, commercial acumen and subject matter expertise. Mohamed Hamra-Krouha, Graham Brewer and Jeremy Barker in particular stand out.’

Kernmandanten

AMEA Power


Sumitomo Corporation


ENGIE S.A


Orascom Construction S.A.E


Toyota Tsusho Corporation


Eurus Energy Holdings Corporation


Water & Electricity Holding Company (Badeel)


Fertiglobe


Abu Dhabi National Oil Company (ADNOC)


Highlight-Mandate


  • Advising the sponsors in relation to the development, construction, operation and financing of a 500MW solar PV project in Egypt.
  • Advised the sponsors in relation to the development, construction, operation and financing of a 500MW wind project in Egypt.
  • Advising the sponsors on all aspects of the development of a 500MW BOO Wind Power Project at the Gulf of Suez in Egypt.

Linklaters

Linklaters has further strengthened its dominant projects practice with the hire of David Miles, who joined from Covington & Burling LLP in September 2022; Miles brings with him a wealth of capabilities in both the conventional and Islamic financing space. The firm is well placed to advise on a host regional mandates, including energy transition and NEOM-related ventures in Saudi Arabia, social infrastructure PPPs in Jordan, and large-scale renewable energy builds in the UAE. The team is also noted for its work on innovative transactions, spanning novel sustainability-linked loans in Bahrain, ESG dual tranche conventional and Islamic financing facilities, and hydrogen and ammonia builds in Oman. Matthew Keats draws on both financing and development expertise to advise on projects from the inception stage through to completion. Leila Amos is particularly noted for her ESG-related expertise, while Jack Allen-Fitt‘s practice is increasingly concentrated on energy transition and renewables matters. Jonathan Vick's broad remit includes large-scale PPP programs.

Praxisleiter:

Matt Keats; David Miles


Weitere Kernanwälte:

Leila Amos; Jack Allen-Fitt; Jonathan Vick


Kernmandanten

NEOM


Public Investment Fund (“PIF”)


ACME


Scatec


SABIC


Fortescue Future Industries (“FFI”)


International Finance Corporation (“IFC”)


Saudi Power Procurement Company (“SPPC”)


The Oil and Gas Holding Company B.S.C. (“nogaholding”)


Plenary


INEOS


Bahrain Petroleum Company (“BAPCO”)


Japan Bank for International Cooperation (“JBIC”)


SACE


The Export–Import Bank of Korea (“KEXIM”)


Korea Trade Insurance Corporation (“K-SURE”)


Highlight-Mandate


  • Advising JBIC and the commercial lenders on their support of a consortium bidding on an EWEC procured PV 1,500MW solar project located in Ajban region, Abu Dhabi.
  • Advising the export credit agencies and lenders on the financing of  a greenfield green hydrogen and ammonia project in Duqm.
  • Advising the IFC and the Ministry of Education of the Government of Jordan on the first schools PPP project in Jordan.

CMS

Transport developments form the cornerstone of the infrastructure practice at CMS, with the firm advising on blockbuster railway, ferry, toll road and highway ventures in the UAE, Saudi Arabia and beyond. The team handles a steady stream of renewable energy builds, especially in connection to the Saudi Arabian NEOM project, as well as a number of social infrastructure assets, including significant healthcare and education sector developments. Practice head David Moore is widely regarded as a leading specialist in the rail sector, and is routinely sought out by premium clients for transport-related advice. Senior associate Iona Hunter works closely with David, and together they form a team that is lauded by clients for its expertise, efficiency and client focus. Amir Kordvani left the firm to join PWC in 2023. Keith Bullen was a new arrival in April 2024 and Robin Balmer joined the firm in September 2024.

Praxisleiter:

David Moore


Weitere Kernanwälte:

Iona Hunter; Keith Bullen; Robin Balmer


Referenzen

‘The team is very efficient in terms of time-management and costs in a highly competitive environment represented by other big players, and delivers a well developed product on time. International experience offers a good precedent for something that is done for the first time in Uzbekistan where standard documentation is still being established and calibrated. Acting on the public side, the team demonstrated a reasonable approach to accommodate ministries’ requests while suggesting a balancing view to satisfy the requirements from developers and lenders.’

‘David Moore and Iona Hunter make great team. They attend the matter and prioritise urgent requests from a government which always requires swift reaction at short notice.’

‘The team is able to provide outstanding deliverables.’

Kernmandanten

Abu Dhabi Investment Office


DP World


Medina Development Authority


Ministry of Transport and Logistics Services


The Asian Development Bank


The Roads Authority of Uzbekistan


Larsen & Toubro


NEOM


Red Sea Global


Saudi Railway Company


The King Fahd Causeway Authority


Etihad Rail


Highlight-Mandate


  • Advising Medina Development Authority in Saudi Arabia to advise on the development of its Bus Rapid Transport project in Medina.
  • Advising Etihad Rail on the operational issues arising out of Stage 2 of the railway.
  • Advised Larsen & Toubro on a multi-billion dollar EPC contract for renewable energy facilities at NEOM, Saudi Arabia.

Dentons

Proficient in M&A, financing, development and construction work, Dentons leverages its considerable Middle Eastern footprint to act on an array of high-profile infrastructure and energy projects across the region. The firm oversees leading work in the emerging hydrogen sector, as well as working with state entities on critical PPP developments alongside a range of funds and financial sponsors. Jon Nash, who leads the UAE-based team, has been principally engaged on waste treatment, renewable energy, and utilities work over the past twelve months. Udayan Mukherjee is particularly noted for project finance expertise, maintaining relationships with a number of banks, borrowers and governments across the region. Senior associate Kanishka Singh excels in the waste treatment space.

Praxisleiter:

Jon Nash


Weitere Kernanwälte:

Udayan Mukherjee; Kanishka Singh


Referenzen

‘Dentons has a deep industry knowledge of our business which enables them to provide measured advice on project essentials and distinguish between nice to haves. This understanding is invaluable to closing transactions.’

‘Jon Nash is a seasoned industry leader and is very well supported by Kanishka Singh, who can lead transactions independently.’

Kernmandanten

ACWA Power International


Maysan Properties SAOC


Gemalto Middle East FZ LLC


Al Husainiyah Power Generation Company


Samba Financial Group


National Central Cooling Company PJSC (Tabreed)


Emirates Global Aluminium (EGA)


Sumitomo Corporation


Gulf Investment Corporation


Korea Electric Power Corporation (KEPCO)


Al Blagha Holding


Tamasuk Holding


Agility


Veolia


Aldar Properties PJSC


Etihad Rail


Snam


American Community School Abu Dhabi


Wintershall


Al Futtaim Properties


Lamprell


Highlight-Mandate


  • Advising ICE on its green hydrogen projects in both Oman and Saudi Arabia.
  • Advising the consortium of Alcazar, Asyad and Lamar on its bids for multiple projects being procured by Saudi Aramco for the design, development and construction of multi-faceted accommodation projects (including utilities and supporting infrastructure) in Saudi Arabia.
  • Advised SC in the lead up to, and following, the 2022 FIFA World Cup in Qatar.

DLA Piper

Frequently sought out by governmental bodies in the region for its market-leading utilities work, DLA Piper handles an impressive range of both public and private side mandates, with notable expertise in the water and electricity space. A hallmark feature of the practice is its PPP work, with demonstrable activity in the health, transport and logistics sectors, while renewable energy matters continue to form a substantial part of the firm’s workload. James Iremonger and Robert Harker co-lead the team; the latter is a proficient project financer who is particularly knowledgeable of the traditional power and water space. Adam Haque has presided over a number of precedent-setting projects in the region, and is a go-to for utilities and hydrogen work, whereas Mona Hammadi is notably focused on solar builds. Trevor Butcher retired at the beginning of 2022.

 

Praxisleiter:

James Iremonger; Robert Harker


Weitere Kernanwälte:

Adam Haque; Mona Hammadi


Kernmandanten

Sharjah Electricity, Water and Gas Authority


Dubai Electricity and Water Authority


Siemens Energy


EDF


Highlight-Mandate


  • Advising Sharjah Electricity, Water and Gas Authority (SEWA) on their procurement of the 90 MIGD Hamriyah Independent Water Project / Desalination Station (IWP) in Sharjah (Project).
  • Advising Dubai Electricity and Water Authority on the procurement of the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park.
  • Advising the European Bank of Reconstruction and Development to support the Kazakh Ministry of Energy in implementing the first site-specific wind auctions in Kazakhstan in 2021 to support the Kazakh government Green Economy Concept strategic initiative.

White & Case LLP

Frequently instructed by international financial institutions, premium sponsors, and governments institutions for project financing expertise, White & Case LLP work on an array of blockbuster developments, spanning conventional and renewable energy ventures, social and transport infrastructure builds, and utility developments. Instututional relationships across the region gives the firm access to NEOM projects in Saudi Arabia, railway and passenger station extensions in Abu Dhabi, and novel financing arrangements in the MENA region. The practice is jointly chaired by a number of lawyers, including Adam Pierson, who is regularly sought out by oil and gas giants for his asset expertise and transactional capabilities. Yasser K. Riad is renowned for his far-reaching cross-border project financing practice, possessing comprehensive understanding of various assets, while Antoine Cousin is noted for his expertise in the power, water and utilities sectors. Alexander Malahias stands out for his work in tourism infrastructure projects, working with sovereign wealth funds on joint ventures and financing transactions, while Ivan Paskal is chiefly engaged on energy-related matters. Din Eshanov - who relocated to Abu Dhabi from Riyadh in 2023 - is a key figure for NEOM-related work.

Praxisleiter:

Antoine Cousin; Din Eshanov; Alexander Malahias; Ivan Paskal; Adam Pierson; Yasser Riad


Weitere Kernanwälte:

Jennifer Riddle


Kernmandanten

Emirates Water and Electricity Company (EWEC)


NEOM Company


The Red Sea Development Company


Saudi Arabian Oil Company (Saudi Aramco)


Saudi Power Procurement Company (SPPC)


The Government of the Emirate of Abu Dhabi, acting |through the Abu Dhabi Department of Finance


Saudi Water Partnership Company (SWPC)


Saline Water Conversion Corporation (SWCC)


USAID and the Ministry of Water and Irrigation of Jordan


Abu Dhabi Future Energy Company (Masdar)


National Center for Privatization and PPP, KSA


ADES Group


Zakher Marine International


Metro Jeddah Company (MJC)


Highlight-Mandate


  • Represented the project company in connection with the financing of a greenfield facility powered by renewable energy sourced from wind, solar, and battery storage for production and export of green hydrogen to global markets, capable of producing 650 tons per day of carbon-free hydrogen in the form of ammonia, to be located in the Middle East.
  • Advised Korea Electric Power Corporation (KEPCO), Japan’s Kyushu Electric Power Co. and Électricité de France (EDF) as international sponsors on the financial closing of the US$3.8 billion Project Lightning offshore transmission line in the United Arab Emirates, alongside local sponsors ADNOC and TAQA.
  • Advised the Government of the Emirate of Abu Dhabi, acting through the Department of Finance in connection with the AED 1.99 billion green loan term facility for Etihad Rail Company PJSC (First Abu Dhabi Bank PJSC (FAB) acting as lender, agent, security agent, account bank and mandated hedge provider) for the construction of passenger stations and rail track extensions to connect with the existing Etihad Rail freight line and associated infrastructure.

Bracewell LLP

Comprising ‘motivated, committed and devoting’ partners with ‘hands-on experience in energy sector’, Bracewell LLP acts on an array of premium conventional power and renewable energy transactions, with a particularly strong engagement with Saudi Arabia and its rounds of renewable independent power producers (IPPs). Social infrastructure is another focus for the firm, handling NEOM-based residential community developments as well as landmark hospital PPPs. Practice head Andrej Kormuth is ‘well connected with the key players and aware of the entire market’, making him a strong choice for both borrowers and lenders across the region, - particularly in relation to water and wastewater deals. Tom Swarbrick draws on considerable construction expertise to advise on an array of assets from the inception stage through to completion. Senior associate Shayan Najib and associate Amelia Bowring have been integral to an number of consequential practice matters, while associate Nick Meyer has already advised on a number of complex transactions despite only joining the group in March 2023, arriving from DLA Piper.

Praxisleiter:

Andrej Kormuth


Weitere Kernanwälte:

Tom Swarbrick; Shayan Najib; Amelia Bowring; Nick Meyer


Referenzen

‘The team, headed by Andrej and Oliver, is equipped with hands-on experience in energy sector, especially in the Middle East. Building on such experience, team members always try to add client focus to solve each issue the client faces.’

‘Andrej always tries to provide precise and concise legal advice to his clients, while some of his competitors tend to be lengthy and vague. His such approach enables client to make decision effectively. Oliver is one of the most diligent and hard working lawyer in the market. He never fails to achieve client’s expectation, both in negotiation and documentation, while maintaining friendly communication with every stakeholders. ’

‘They have considerable experiences and expertise in power sector in the Middle East and their advice is always efficient.’

Kernmandanten

Absa Bank Limited


Abu Dhabi Islamic Bank


Abu Dhabi National Energy Company PJSC


Acciona Agua, S.A.


Al Jomaih Automobile Company LLC


Al Jomaih Energy and Water Company


Al Rajhi Bank


Alinma Bank


Banque Saudi Fransi


General Electric


Gulf Investment Corporation GSC


Harmony HB Limited


Japan Bank for International Cooperation (JBIC)


JERA Co., Inc.


Kyuden International Corporation


Marubeni Corporation


Mauritius Commercial Bank Limited


Mouwasat Medical Services Company


Qatar Energy


Shuqaiq Three Company for Water


South Rabigh Renewable Energy Company


Tamasuk Holding Company


TotalEnergies


TotalEnergies Renewables


Vision International Investment Company


Highlight-Mandate


  • Counselling Japan Bank for International Cooperation in support of all Japanese developers bidding for the Saudi Arabian Round 4 renewables IPPs (totaling 1.5 GW).
  • Closed five residential communities accommodation villages on a PPP basis in NEOM across two consortia (Tamasuk and Nesma), valued at almost $2 billion.
  • Acted as special investor counsel to General Electric regarding its participation in a bidding consortium for the four Taiba and Qassim thermal power IPPs in Saudi Arabia, totaling 7.2 GW.

Eversheds Sutherland LLP

Acting on ‘complex, first of its kind projects’, Eversheds Sutherland LLP provides a wide-ranging offering, and is particularly geared to act on major renewable and utility projects - particularly in solar and water. Beyond its established expertise in project financing, the firm has been active on a range of M&A mandates, advising consortia of lenders and sponsors on novel acquisition financing structures. Practice head Ashley Halewood is a ‘problem solving and deal making oriented partner who brings a lot of value to the deal’, capable across an array of asset types. Clint Dempsey is a stellar financing practitioner who is equally proficient in Islamic financing and asset financing. Senior associate Adite Aloke has already built an impressively broad practice and has been involved in some the firm’s most significant and consequential deals.

 

Praxisleiter:

Ashley Halewood


Weitere Kernanwälte:

Client Dempsey; Adite Aloke


Referenzen

‘The group acts on complex, first of its kind projects and has been able to adapt well and act as a deal maker between lenders and sponsors.’

‘Ashley Halewood is a problem solving and deal making oriented partner who brings a lot of value to the deal.’

Kernmandanten

Alfanar Energy Company


China Civil Engineering Construction Corporation


FCC Aqualia


International Water Distribution Company


Haji Abdullah Alireza & Co. LTD


Acciona Agua S.A


Al Ayuni Investment & Contracting Co


Tamasuk Holding Company


Alinma Bank


HSBC Saudi Arabia


Siemens Bank


Riyadh Bank


MUFG Bank


Abu Dhabi Islamic Bank


Warba Bank


Voltalia


Qatar General Electricity and Water Co (Kahramaa)


Public Works Authority of Qatar


SABIC


Amaala


Red Sea Development


Marubeni Corporation


Al Jomaih Energy & Water Company Limited


Desert Technologies Industries Factory CJSC


Natixis Bank


Saudi National Bank


BNP Paribas


Ministry of Energy, Iraq


Ministry of Energy, Saudi Arabia


Ministry of Water, Environment & Agriculture, Saudi Arabia


APICORP


Saudi Water Partnership Company


KFW IPEX


Abu Dhabi Department of Energy


Mizuho Bank Ltd


Europe Arab Bank


Banque Saudi Fransi


Saudi Power Procurement Company


Highlight-Mandate


  • Advised Natixis Bank and Arab Petroleum Investments Corporation in respect of the US$500m acquisition by a consortium comprising of Abu Dhabi’s ADQ, Veolia Middle East and Vision Invest of ADNOC Refining’s two hazardous waste treatment facilities in Ruwais Industrial Area, Abu Dhabi.
  • Advising the contractor on the Saudi Landbridge railway project, valued at USD12bn.
  • Advised Riyadh Bank, Arab Petroleum Investments Corporation, Europe Arab Bank and Mizuho Bank Ltd. in relation to the 120 MW solar facility in Wadi Ad Dawasir being developed by the consortium of TotalEnergies Solar International SAS, Toyota Tsusho Corporation and Altaaqa Alternative Solutions LLC. The project reached achieved financial close on 22 June 2023.

King & Spalding LLP

With a number of ‘first of its kind' developments and financing methods comprising its workload, King & Spalding LLP advises some of the world's largest asset managers, sovereign wealth funds and leading industry players on high-value and cross border deals. The group is strong across multiple forms of power and have been retained as counsel from inception through to delivery and completion on market-leading giga-projects, particularly in Saudi Arabia. The practice is headed up by Tim Burbury, who utilises specialisms in PPP and project finance to advise on premium transactions. Dan Feldman and Brendan Hundt bring further capabilities on the development and financing front; the two joined the firm from Shearman & Sterling LLP in January and March 2023, respectively. Associate Sam Muir combines infrastructure and construction capabilities to advise on utilities, transport and health and education developments. James Clark left the practice in October 2023 to join Kirkland & Ellis International Law Firm LLPC.

 

Praxisleiter:

Tim Burbury


Weitere Kernanwälte:

Dan Feldman; Brendan Hundt; Sam Muir


Referenzen

‘The team is experienced and has a good understanding of customer needs. ’

‘The individuals have a long history with our company. They have a strong commercial understanding. They are very good at highlighting all the risks and genuinely care about the client.’

‘An appreciation of the commercial impacts of legal matters.’

Kernmandanten

NEOM


Oxagon


ENOWA


Abu Dhabi Future Energy Company


Tree Energy Solutions


EWEC


JERA


Chevron


Scatec


Globeleq


Mitsui


Emirates Global Aluminium


Ocior


Dow Chemical


EverWind Fuels


Fortescue Future Industries


JBIC


Woodside


Electricity de France (EDF)


Mubadala Investment Company


Misk Foundation


Highlight-Mandate


Latham & Watkins LLP

Noted for its lender-side advice regarding large-scale healthcare and industrial facility developments, Latham & Watkins LLP handles some of the most strategically significant projects in Saudi Arabia, advising on an spectrum of asset types including biopharma, digital infrastructure, oil and gas and solar - both in KSA and the wider region. The group is headed up by Villiers Terblanche, who is regularly called upon by sponsors and investors for complex, multi-faceted financings and other market-leading ventures. Marc Makary often works with sovereign wealth funds to finance their acquisitions.

Praxisleiter:

Villiers Terblanche


Weitere Kernanwälte:

Marc Makary


Kernmandanten

BAPCO Energies


Al Rajhi Bank and Banque Saudi Fransi


Saudi Ports Authority (Mawani) and the National Center for Privatization & PPPs


Riyad Bank


Aluminium Bahrain


Highlight-Mandate


  • Advising Bahrain’s state oil company, Bapco, on a sustainability-linked Push Facility.
  • Advised Aluminium Bahrain (Alba) on its US$1.27 billion refinancing of its existing commercial bank facilities.

Norton Rose Fulbright

Capable of handling the financing, development, construction and, sale and purchase of a range of projects - spanning renewables, utilities, social infrastructure, and transport - Norton Rose Fulbright is a go-to for a range of clients, especially for ‘first-of-its-kind’ mandates. Saudi Arabia is a hotspot of activity for the group, where it acts on critical infrastructure developments such as car parks, airports and water treatment facilities, as well as advising industry players on their interactions with the National Renewable Energy Program. Practice head Angela Croker has a vast knowledge of the region and acts as project finance counsel to a long list of financial institutions, corporations and governments. Fellow co-chair Nicholas Kramer is noted for his regulatory and contractual negotiating capabilities, which he deploys in high-value, complex developments. Hesa Alsaad, who was promoted to senior associate in April 2023, is also recommended. Since publication, Robin Balmer left the firm.

Praxisleiter:

Angela Croker; Nicholas Kramer


Weitere Kernanwälte:

Hesa Alsaad


Referenzen

‘The team is highly professional and pragmatic. Do not tend to take a points scoring approach, but rather do what it takes to make things happen.’

‘Angela Croker is excellent.’

 

Kernmandanten

Emirates District Cooling (Emicool)


Al Fransi Bank


Bank Al Jazira


Saudi Awwal Bank – SAB (previously SABB)


ACWA Power


Jinko


Metito


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 sea water desalination project in the Kingdom of Saudi Arabia.
  • Represented the commercial and Islamic financial institutions on the US$490m and SAR285m refinancing of the 900MW independent power and water plant in the town of Shuaibah, near Jeddah, Saudi Arabia.
  • Addvising Emicool on their master concession agreement with Dubai World Trade Centre (DWTC) for the provision of district cooling services for Dubai EXPO.

Pinsent Masons LLP

Handling high-profile, multi-jurisdictional deals for a mix of leading industry players and financial institutions, Pinsent Masons LLP delivers a strong projects service that is especially geared towards renewables, utilities, and social infrastructure. Leveraging its wider expertise in Qatar and Saudi Arabia, the firm can comprehensively cover the complex aspects of multi-faceted projects, including Islamic financing structures and asset specific contractual and delivery documentation drafting. Practice head Tim Armsby’s expertise ensures that the team is sought out by numerous established corporates and governmental bodies, specialising in PPP and construction ventures. Co-head Catherine Workman is regularly called upon for her ability to handle transport, maritime, waste treatment, and social infrastructure mandates, while Gurmeet Kaur is well-respected in the market for her understanding of water projects. David Platt has relocated from Singapore to strengthen the group’s UAE energy offering - both in conventional and renewables - while Matthew Escritt is a prolific cross-border finance lawyer.

Praxisleiter:

Catherine Workman; Tim Armsby


Weitere Kernanwälte:

Gurmeet Kaur; David Platt; Matthew Escritt


Referenzen

‘Valuable support and deep knowledge of the sector.’

‘Gurmeet Kaur and her team are gold. ’

 

Kernmandanten

Consortium of Nesma, Buhur, MGC and Ajlan


Consortium of international and Saudi Arabian financiers


National Center for Privatization (NCP)


Advising the EBRD and the Lebanese Centre for Energy Conservation (LCEC)


Lenders to the Metito and Ajlan Brothers consortium


CNIM – Construction industriells de la Mediterranee


Ecotrade


Larson & Toubro Limited (L&T)


CGGC International Limited


Abrdn Investcorp


Al Fouzan


Edf


Highlight-Mandate


  • Advised the financiers in relation to all aspects of the project financing provided to the winning consortium of Marubeni and Al Jomaih in respect of the 300MW solar power plant to be built and operated at Rabigh, Saudi Arabia being procured as part of the “REPDO Round II” strategic procurement process.
  • Advising the Government with EBRD as lead transaction advisor on the aspects of the Project to design, build, finance and operate a Dry Port and Logistics Centre for the city of 10th Ramadan in Egypt.
  • Advising lenders in relation to the Al Wakra and Al Wukair Sewage Treatment Plant PPP Project in Qatar.

Al Tamimi & Company

Al Tamimi & Company utilises its extensive regional knowledge and market understanding to act as local counsel on a range of blockbuster mandates, spanning energy and infrastructure PPPs, utilities, transport and real estate. Practice lead Mark Brown is a proficient financing expert whose key highlights include advising lenders on substantial Middle Eastern projects. Senior associate Ashish Banga is a crucial supporting presence on a number of mandates.

Praxisleiter:

Mark Brown


Weitere Kernanwälte:

Ashish Banga


Kernmandanten

Électricité de France (EDF)


ACWA Power


EGA


Oak Group Holdings


Saudi Jordan Investment Fund (SJIF)


European Bank for Reconstruction & Development


Emirates Global Aluminium PJSC (EGA).


HSBC Saudi Arabia


The Saudi British Bank (SABB)


ADNOC


Gibson Dunn

A go-to for investors - both global and regional - and industry players active in LNG and LNG-to-power ventures in the region, Gibson Dunn has also tapped into renewables and infrastructure opportunities, including advising on the development and procurement of large-scale green hydrogen projects, overseeing chemical production facility builds, and the financing of landmark ‘blue’ ammonia production facilities. Practice head Renad Younes joined from Shearman & Sterling in January 2023, bringing with her Samuel Ogunlaja and Laleh Shahabi . All three practitioners are well placed to act on a broad range of assets, with the latter particularly noted for her financing expertise.

Praxisleiter:

Renad Younes


Weitere Kernanwälte:

Samuel Ogunlaja; Laleh Shahabi


Referenzen

‘Renad Younes and Samuel Ogunlaja provide exceptional expertise and understand the full energy/ Oil and Gas value chain which makes them highly practical in the advice that they offer. ’

‘Exceptional knowledge of our business.’

 

Kernmandanten

Abu Dhabi National Oil Company (ADNOC)


ADNOC Distribution


ADNOC Gas plc


Borealis AG


Borouge plc


The Sovereign Fund of Egypt


Abu Dhabi Oil Refining Company (Takreer) (ADNOC Refining)


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Gowling WLG

Gowling WLG‘s work in the projects space spans contractual and agreement advice, development and project financing counsel, and procurement guidance, with the group overseeing a range of infrastructure PPPs and renewable energy developments in the MENA region. Practice head Jonathan Brufal is highly experienced with a range of financing models that makes him well placed to act on utility and energy mandates, with clients praising his commercial aptitude and proficiency. Other key figures include associate Scott Geelan, who has quickly built a portfolio of impressive projects work.

Praxisleiter:

Jonathan Brufal


Weitere Kernanwälte:

Scott Geelan


Referenzen

‘We are working with Jonathan Brufal and his team from Gowling on a number of energy transition projects in various jurisdictions and we have been very impressed with the responsiveness, the commercial aptitude and the efficiency of the team in all of our dealings to date. Emails are responded to quickly, drafting is sharp and calls can be scheduled easily. They work well with the Gowlings corporate/commercial team as well and seem to be able to juggle a number of files very well.’

‘Jonathan Brufal and Scott Geelan are very impressive. I like Jonathan’s down to earth approach and his team respond well to him. Scott is clever and efficient and works well with the projects and corporate team. Someone to watch!’

 

Kernmandanten

Almar Water


Alfanar


Energy Storage Africa


Energy Storage Africa


Pacific Green Technologies, Inc. (“Pacific Green”)


Kansai Electric


Highlight-Mandate


  • Advised Alfanar Company on the project development and financing for the construction, operations and maintenance of five Residential Communities procured by the NEOM Company, which successfully reached financial close on 2 February 2023.
  • Advising a consortium comprising four water developers (led by Almar Water) on their bid for the concession of the US$100 million Glen Valley Wastewater Reclamation Project near Gaborone in Botswana.
  • Advising Kansai Electric Power Corporation on its bid for the US$3.8 billion high-voltage subsea transmission project to link Abu Dhabi National Oil Company’s (ADNOC) offshore facilities to the national grid in Abu Dhabi.

Hadef & Partners LLC

Hadef & Partners LLC remains a key adviser to federal and local government authorities active in the energy and infrastructure space. The firm has overseen a steady volume of large project finance deals in the UAE, including PPPs pertaining to water, energy and transport. The practice is steered by the highly experienced Catriona McDevitt, who combines regulatory, technological and financing acumen to guide clients. Alan Rodgers is a multi-skilled finance partner who covers Islamic financing, debt capital markets, and project finance.

Praxisleiter:

Catriona McDevitt


Weitere Kernanwälte:

Alan Rodgers


Kernmandanten

Kyuden Electric, KEPCO and EDF


AMEA POWER


Asia Gulf Power Holding Company Ltd


Abu Dhabi Offshore Power Transmission Company LLC


Emirates Sembcorp Power Company PJSC


International Offshore Power Transmission Holding Company Ltd


Highlight-Mandate


  • Acted as UAE counsel to the international sponsors in connection with Project Lightning, an undersea high voltage DC pipeline between onshore Abu Dhabi and offshore electricity stations.
  • Acted as UAE law legal counsel for AMEA Power in connection with two separate loan financings (aggregating approximately USD 1.1 billion) for the establishment of a solar power project (Abydos) in Kom Ombo area in the Aswan Governorate in Egypt and a wind power project (Amunet) in the Red Sea Governorate in Egypt.
  • Acting as company secretary and legal adviser to the company under its operation and maintenance obligations to the owner of the project.

Stephenson Harwood Middle East LLP

Stephenson Harwood Middle East LLP pulls together a strong offering in the projects space, drawing on the contentious expertise of team head Rania Tadros, the extensive financing capabilities of co-lead Rustum Shah, and transactional prowess of partner Diwakar Agarwal. Acting for domestic and international clients alike, the team bring their experience to bear on a range of  strategically significant cross-border ventures, particularly in the renewables and agricultural space, where the embedded technological expertise of the group is greatly valued. Managing associate Toufic Safie and associate Murtaza Hussain continue to be highly active. Former practice lead Nijoe Joseph left the firm in November 2023 to join Milavous Group.

Praxisleiter:

Rustum Shah; Rania Tadros


Weitere Kernanwälte:

Diwakar Agarwal; Toufic Safie; Murtaza Hussain


Referenzen

‘Very solid team with outstanding technical skills and commercial mindset.’

‘The team are technically solid and commercially driven with outstanding negotiation skills. Pleasant to work with them.’

‘SH’s strengths include a strong reputation, specialized expertise and a dedicated team that is committed to client services.’

Kernmandanten

Yellow Door Energy


Al Dahra Holding SP LLC


Samsung SDS ME & Africa


UltraTech Cement Ltd


Axis Bank Ltd .


The Helicopter Company


National Bank of Fujairah


ICICI Bank Limited


Badia Farms


Falcon Aviation Services LLC


Chart Industries


Inspired Education


GradeOne


UltraTech Cement Middle East Investments


Highlight-Mandate


  • Advising National Bank of Fujairah on a long-term credit facility to CleanMax to refinance CleanMax’s rooftop solar portfolio in the UAE.
  • Advising a leading GCC real estate development company in relation to two separate real estate financing facilities from a UAE bank, with an approximate total aggregate value of AED1 billion, for the construction of a real estate project consisting of luxury residential apartments and mansions on Palm Jumeirah.