Projects and energy in Saudi Arabia

Legal Advisors, Abdulaziz I. Al-Ajlan & Partners in association with Baker & McKenzie Limited

Legal Advisors, Abdulaziz I. Al-Ajlan & Partners in association with Baker & McKenzie Limited specialises in major projects and project financing across multiple regions. The practice displays strong cross-border expertise particularly for projects in Saudi Arabia, Bahrain and Qatar. Its client base includes all major Saudi based banks, government and regional key corporates. Banking and finance specialist Ian Siddell and George Sayen, a corporate and M&A expert, jointly lead the practice. Jeddah-based Basel Barakat specialises in project finance, Islamic finance and contractor finance transactions. Gavin Witcombe focuses on construction. Julie Alexander retired in December 2019.

Practice head(s):

Ian Siddell; George Sayen

Other key lawyers:

Basel Barakat; Gavin Witcombe

Key clients

Saudi Arabian Mining Company (Ma’aden)

Banque Saudi Fransi

Samba Financial Group / Samba Capital

Saudi Binlandin Group Company Limited

The National Commercial Bank

Arab National Bank

Riyad Bank

ACWA Power International

Al Rahji Banking & Investment Corporation

HSBC Saudi Arabia / The Saudi British Bank

Gulf International Bank / GIB Capital

Arab Petroleum Investment Corporation (APICORP)

Mohammed I. Alsubeaei & Sons Investment Company

Metito

Mowah Co.

Orascom Group

Work highlights

  • Acting as Saudi counsel to Arab Petroleum Investments Corporation (APICORP), The National Commercial Bank and Sumitomo Mitsui Banking Corporation Europe Limited as senior debt lenders to Dammam West Company for Water on the independent sewage treatment plant in Dammam, Kingdom of Saudi Arabia.
  • Advising a major Saudi Arabian conglomerate in relation to funding facilities aggregating SAR60bn (approximately $16bn) to assist with the construction of multiple significant projects in the Kingdom of Saudi Arabia, including detailed funding procedures relating to the development of the financed projects.
  • Advised on the Navantia JV transaction which involves the construction and sale of naval vessels by Navantia, the Spanish government owned shipbuilder, to the Saudi Ministry of Defence, along with related after-sales support, localisation and technology transfer arrangements.

The Law Office of Megren M. Al-Shaalan in cooperation with White & Case

The Law Office of Megren M. Al-Shaalan in cooperation with White & Case has a leading project development and finance practice. It has been actively involved in high-profile projects in various sectors including mining, water, power, oil and gas. Doug Peel recently acted on a number of high-value transactions and has particular experience handling IPOs. Adam Pierson has a strong background advising government entities and corporates on privatisation, particularly in the water sector. Riyadh-based Alec Johnson and Ivan Paskal are also key names to note.

Practice head(s):

Doug Peel; Adam Pierson; Antoine Cousin; Ivan Paskal; Alec Johnson; Ibrahim Bakhurji

Key clients

Saudi Arabian Oil Company (Saudi Aramco)

Saudi Arabian Mining Company (Ma’aden)

National Water Company (NWC)s

Water & Electricity Company (WEC)

King Faisal Specialist Hospital & Research Centre

National Commercial Bank (NCB)

DP World

Saline Water Conversion Corporation (SWCC)

USAID / Ministry of Water and Irrigation of Jordan

Work highlights

  • Represented Saudi Arabian Mining Company (Ma’aden) on the conversion of project loans to Ma’aden Rolling Company (MRC), a joint venture between Ma’aden and Alcoa Corporation, into new shares in Ma’aden, and the associated restructuring of MRC.
  • Advising Water & Electricity Company on three greenfield water and wastewater treatment plant PPPs: the Dammam Sewage Treatment Plant PPP (which reached financial close in May 2020); the Jeddah Sewage Treatment Plant PPP, and the Taif Water Field Project Sewage Treatment Plant PPP.
  • Advising Saudi Aramco in connection with the multimillion-dollar Jazan Integrated Gasification Combined Cycle (IGCC) project.

Alshahrani Almansour (in collaboration with DLA Piper)

Alshahrani Almansour (in collaboration with DLA Piper) has a team of 'outstanding professionals' that are 'dedicated' and 'proactive'. The practice has energy and projects specialists with particular expertise advising government bodies on water and power projects. It also displays strong PPP expertise and is increasingly advising on innovative renewable energy projects. Trevor Butcher heads the practice and advises on a mix of power and water projects, major transport infrastructure and other PPP schemes. Robert Harker and Keith Bullen are 'extremely knowledgeable' and 'approachable'.

Practice head(s):

Trevor Butcher

Other key lawyers:

Robert Harker; Keith Bullen

Testimonials

‘Track record in delivering power and utilities deals in KSA for the public sector’.

‘Rob Harker and Keith Bullen – extremely knowledgeable, approachable with clear advice and guidance ’.

‘Various track record on the Client side as well as Developer side advisor.’

‘Outstanding professionals in EPC and Project finance review’.

‘A team dedicated to its client any day any time. Pro-active with unparalleled knowledge of their market’.

Key clients

Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources (“MEIM”)

Saudi Water Partnership Company (SWPC)

Al Kifah Holding Company

Work highlights

  • Advised Al Kifah Holding Company on its bid proposal for the Saudi Aramco procured Dhahran Core Area Parking Structure PPP in Saudi Arabia on a build, own, operate and transfer basis to develop a parking structure and fitted food court.
  • Advised MEIM on the 400MW Dumat Al Jandal wind project which is part of round one of Saudi Arabia’s National Renewable Energy Program (NREP).
  • Advised Saudi Water Partnership Company on Rabigh 3 IWP which was the first standalone water desalination projects in Saudi Arabia to be procured on an IWP basis.

Derayah LLPC – Saudilegal

Derayah LLPC – Saudilegal is an independent law firm that regularly acts as local counsel on large-scale project finance mandates alongside international law firms. The practice has expertise advising on renewable energy and water projects. Practice head Ali Abedi specialises in asset and project finance, and cross-border joint ventures. Associate Dana Halwani is also noted.

Practice head(s):

Ali Abedi

Other key lawyers:

Dana Halwani

Key clients

Marubeni Corporation

Abu Dhabi National Energy Company

Orascom

Metito

ACWA Power

Marafiq

Work highlights

  • Acting for Marubeni Corporation and the UAE-based Abu Dhabi National Energy Company (Taqa) on their bid for the planned Marjan cogeneration independent steam and power plant (ISPP) and Tanajib desalination plant.
  • Advised the consortium that Saudi Arabia’s Water & Electricity Company (“WEC”) selected as preferred bidder for the planned Dammam West independent sewage treatment plant (ISTP).
  • Advising ACWA Power as it leads a consortium with Saudi Brothers Commercial Company (SBCC), in its successful signing of senior financing and hedging agreements for the $700m Rabigh-3 IWP.

Faisal Adnan Baassiri Law Firm in association with Ashurst LLP

Faisal Adnan Baassiri Law Firm in association with Ashurst LLP is recognised for its expertise in complex cross-border transactions. It is well-established in the healthcare, education, utilities, oil & gas, entertainment and social accommodation sectors. Riyadh-based Bilal Rana specialises in project finance including Islamic finance transactions. Managing partner of the Jeddah office Faisal Baassiri is another key individual to note and displays expertise in Shari'ah-compliant financing transactions. David Charlier has significant experience advising lenders on energy and infrastructure projects.

Practice head(s):

David Charlier; Bilal Rana

Other key lawyers:

Faisal Baassiri

Key clients

Ajyad Knowledge (a Vision Invest subsidiary)

Metro Jeddah Company

Ministry of Health

Alfanar

Alvest

Riyadh Development Authority

FCC Aqualia

Haji Abdullah Alireza & Company

Qiddiya Utilities lenders

SAGO Privatisation lenders

Asyad Holding Group

National Centre of Privatization

Red Sea Gateway Terminal

Work highlights

  • Advising the lenders in relation to a project to develop, finance, construct, operate and maintain all utility assets for the Qiddiya giga project in the Kingdom of Saudi Arabia.
  • Advising the lenders to the successful Raha AlSafi Consortium awarded the privatisation of Saudi Grains Organisation Milling Company.
  • Advising the consortium of Asyad Group and Lamar Holding W.L.L. on the shari’ah-compliant project financing of the East-West Pipeline Compounds PPP project to engineer, build, operate and maintain housing compounds across six locations in Saudi Arabia, which is being procured by Saudi Aramco.

Law Firm of Hassan Mahassni In association with Dechert LLP

Law Firm of Hassan Mahassni In association with Dechert LLP is experienced in handling major projects relating to renewable energy, transport infrastructure and supply systems.  Legal consultant Atif Mulla heads the practice and advises on financing, corporate and commercial, and contentious matters with a particular focus on construction, engineering and infrastructure.

Practice head(s):

Atif Mulla

Other key lawyers:

Emad Zahrani

Key clients

SEPCO III Electric Power Construction Corporation Saudi Branch

POSCO E&C Saudi Arabia

Power Cogeneration Plant Company

Work highlights

  • Advised Axia Power Holdings B.V., JGC Corporation and Al-Jomaih Holding Company in relation to a major project financing arrangement for the Saudi Aramco power cogeneration projects in Abqaiq, Hawiyah and Ras Tanura.
  • Acting for a well-known Korean Company in a JV company with the Public Investment Fund (PIF) (the sovereign fund of Saudi Arabia) in $900m Madinah Hajj City Project for the construction of residential, commercial, office complex, along with the service utilities and transportation station including five Hotels Buildings.
  • Advising SEPCO III Electric Power Construction Corporation Saudi Branch (“SEPCO III”) for Yanbu III Power Project, in its role as the EPC Contractor for the Project.

King & Spalding in Affiliation With the Law Office of Mohammad Al-Ammar

King & Spalding in Affiliation With the Law Office of Mohammad Al-Ammar advises clients in a wide range of sectors including petrochemical, renewables, infrastructure and utilities. It has particular expertise advising on district cooling projects and has been involved in a number of high-profile projects. Its client base features leading Saudi companies and large multinationals. Practice head Tim M. Burbury has in-depth knowledge of the infrastructure sector and specialises in PPP projects.

Practice head(s):

Tim M. Burbury

Key clients

Sadara Chemical Company

Vision Invest

Jeddah Economic Company

Saudi Tabreed

Miahona

Misk Foundation¸ under the patronage of Prince Mohammed bin Salman bin Abdulaziz

ENGIE

Compañía Española de Petróleos (CEPSA)

Mubadala Investment Company

Electricity de France (EDF)

Veolia

Abu Dhabi Future Energy Company

JERA

ADQ

Abu Dhabi Investment Office (ADIO)

Miral

Marubeni

Work highlights

  • Advised EDF and Masdar on the development and financing of the 400 MW Dumat Wind IPP in Saudi Arabia, the first project financed Wind IPP in the Kingdom.
  • Advising the consortium of power developers, Masdar, Vision Invest, ENGIE, in relation to the EPC contract and associated project agreements with PowerChina for 14 renewable energy plants in one sitting.
  • Advising Misk Foundation in Saudi Arabia on the procurement on a BOT basis of a district cooling provider for the 4.77 million square metre Misk City Development.

Law Office of Mohanned bin Saud Al-Rasheed in association with Baker Botts L.L.P.

Law Office of Mohanned bin Saud Al-Rasheed in association with Baker Botts L.L.P. has a strong presence in the projects, energy and natural resources space. The practice advises governments, national oil and gas companies and utility companies. A key area of growth has been the increasing number of mandates received from government-owned entities on infrastructure and M&A mandates in the oil and gas sector. Shadi Haroon has notable experience advising energy clients on corporate and M&A transactions.

Practice head(s):

Mohanned Bin Saud Al-Rasheed; Shadi Haroon; Stephen Matthews

Law Office of Salman M. Al-Sudairi in association with Latham & Watkins LLP

Law Office of Salman M. Al-Sudairi in association with Latham & Watkins LLP has a wealth of experience advising sponsors on large-scale projects. Its key clients also include domestic and international banks. Practice head Salman Al-Sudairi and counsel Amar N Meher are recommended.

Practice head(s):

Salman Al-Sudairi

Other key lawyers:

Amar N. Meher

Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance

Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance advises on project finance mandates across the region. The team is led by Yasser Al-Hussain who is experienced in project finance, particularly in the water sector.

Practice head(s):

Yasser Al-Hussain

Al Tamimi & Company

Al Tamimi & Company frequently acts as local counsel on major projects across a variety of sectors including power and transmission, water and waste, oil and gas, rail and transport. The practice advises a wide spectrum of clients from government and project finance lenders, to sponsors and consortiums. Grahame Nelson heads the projects team in Al Khobar and Hesham Al-Homoud handles corporate structuring matters.

Practice head(s):

Grahame Nelson; Hesham Al Homoud

Other key lawyers:

Rafiq Jaffer

Key clients

Public Investment Fund

Ministry of Health

The Red Sea Development Company

EY

Amaala Project

AT Kearney

ACWA Power

Work highlights

  • Advising the Ministry of Health on the Al-Iman Hospital PPP project.

Jones Day in association with Ebrahim Alhabardi Law Office

Jones Day in association with Ebrahim Alhabardi Law Office has a strong international presence in the natural resources and infrastructure space. Senior of counsel Edward H. Rose heads the practice and has expertise advising on refinery, petrochemical, and heavy industrial projects. Javade Chaudhri has experience assisting private and public-sector companies in transactions and projects.

Practice head(s):

Edward H. Rose

Other key lawyers:

Javade Chaudhri

Work highlights

  • Advised the consortium of sponsors on the project close and financial close of the Jeddah Airport 2 Independent Sewage Treatment Plant Project located in the Kingdom of Saudi Arabia.

Khoshaim & Associates

Khoshaim & Associates has an established presence in the energy and projects space. Practice head Karim Wali has significant experience advising on project finance matters and has a strong background in the oil and gas sector.

Practice head(s):

Karim Wali

The Law Office of Looaye M. Al-Akkas in Association with Vinson & Elkins LLP

The Law Office of Looaye M. Al-Akkas in Association with Vinson & Elkins LLP's projects team is led by Looaye Al-Akkas who focuses on advising government entities on energy projects. The team is also highly experienced in oil and gas projects.

Practice head(s):

Looaye Al-Akkas

Saud Al-Ammari (Dr.) Law Firm

Saud Al-Ammari (Dr.) Law Firm advises on a range of corporate, commercial and financing matters. The team is led by Saud Al-Ammari who has in-depth oil and gas sector knowledge and experience.

Practice head(s):

Saud Al-Ammari