Next Generation Partners

Firms To Watch: Projects and energy

At Pinsent Masons, the projects team handles multi-billion dollar real estate development projects and transport infrastructure matters for a variety of clients including state authorities.
Shearman & Sterling LLP has a track record advising on high-value energy transactions and project financings across the renewable energy and oil and gas sector.
Z&Co is noted for its expertise in handling large-scale hydro-power and petrochemicals projects across Saudi Arabia and the wider region. The team also advises lenders on joint ventures and financings.

Projects and energy in Saudi Arabia

Legal Advisors, Abdulaziz I. Al-Ajlan & Partners in association

Baker McKenzie dominates the projects and energy market with a market-leading practice that handles mega project financing mandates across the region. Under the leadership of Ian Siddell who has a solid background in Islamic financing, the group is active in project development and financing across Saudi Arabia, Bahrain, Dubai and Qatar. Within the team, Jeddah-based Basel Barakat specialises in contractor finance transactions and joint ventures; Fatima Alhasan splits her time between Bahrain and Riyadh, and Gavin Witcombe focuses on construction.

Practice head(s):

Ian Siddell; George Sayen

Other key lawyers:

Basel Barakat; Fatima Alhasan; Gavin Witcombe

Key clients

Saudi Arabian Mining Company (Ma’aden) and related companies

Banque Saudi Fransi

Khair Inorganic Chemical Industries Company (InoChem)

Saudi Binladin Group Company Limited

The National Commercial Bank / NCB Capital

Arab National Bank

Riyad Bank

ACWA Power International

Al Rahji Banking and Investment Corporation

HSBC Saudi Arabia/The Saudi British Bank (SABB)

The Saudi Investment Bank

Gulf International Bank B.S.C. / GIB Capital

Arab Petroleum Investments Corporation (APICORP)

Ministry of Finance

ABC Islamic Bank (E.C.)

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 (the “Project Company”) in relation to the development and financing, of an independent sewage treatment plant in Dammam, Kingdom of Saudi Arabia.
  • Advising a major Saudi Arabian conglomerate in relation to funding facilities aggregating approximately $16bn to assist with the construction of multiple significant projects in the Kingdom of Saudi Arabia.
  • Providing on-going advice to Saudi Binladin Group Company Limited (SBG) on construction aspects of the Jeddah Tower Project.

Faisal Adnan Baassiri Law Firm in association with Ashurst LLP

Faisal Adnan Baassiri Law Firm in association with Ashurst LLP advises on complex project-related transactions across the Middle East and excels in PPP, procurement, and project financing matters; it also handles privatisation work. The group is jointly led by Bilal Rana in Riyadh and Jeddah-based managing partner Faisal Adnan Baassiri; the duo handles a steady stream of shariah-compliant transactions and acquisitions of milling companies for lenders. David Charlier is recommended for advising lenders on energy projects.

Practice head(s):

Faisal Baassiri; Bilal Rana; David Charlier

Other key lawyers:

Grant Batten

Testimonials

‘High quality output and availability of the team.’

‘David Charlier is a sensible and practical hands-on partner. Grant Batten is an exceptional senior associate.’

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

  • Advised the sponsor consortium comprising of Ajyad Knowledge and Al Bawani on the development and project financing of 60 schools as part of TBC’s Schools Infrastructure Programme — Wave 1 project in Saudi Arabia.
  • 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 commercial lenders on the Marubeni-led project financing for the development, design, financing, construction, commissioning, operation and maintenance of the Tanajib IPP, a new cogeneration independent steam and power plant.

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 continues to be instructed on major deals in the Saudi energy market for leading clients including Saudi Aramco. The team advises on multimillion-dollar matters and has strength in the mining, power, and oil and gas sectors. Doug Peel is the head of the Middle Eastern practice group and advises on project transactions alongside Adam Pierson. Riyadh-based Ivan Paskal and Alec Johnson are also key names to note.

Practice head(s):

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

Key clients

Saudi Arabian Oil Company

Saudi Arabian Mining Company

Saudi Power Procurement Company

Saudi Water Partnership Company

National Water Company

Water & Electricity Company

King Faisal Specialist Hospital & Research Centre

National Commercial Bank

Saline Water Conversion Corporation

USAID / Ministry of Water and Irrigation of Jordan

Matarat Holding

Work highlights

  • Acted for The Red Sea Development Company, a wholly-owned subsidiary of Saudi Arabia’s sovereign wealth fund, The Public Investment Fund, on the signing of key finance documents for Phase One of The Red Sea Project, the revolutionary tourism giga project currently under development on the Red Sea coast of Saudi Arabia.
  • Advised Saudi Aramco in its US$12.4 billion sale of a 49% equity stake in Aramco Oil Pipelines Company to a consortium led by EIG Global Energy Partners.
  • Advising Saudi Aramco on the $12bn Jazan Integrated Gasification Combined Cycle (IGCC) project.

Alshahrani Almansour (in collaboration with DLA Piper)

Alshahrani Almansour (in collaboration with DLA Piper) has a solid track record acting in landmark projects across the GCC region and is instructed by various government entities on water and power as well as renewable energy projects. The team is led by Trevor Butcher  in Dubai who is the overall head of the finance and projects practice in the Middle East. Keith Bullen has notable expertise in PPP projects.

Practice head(s):

Trevor Butcher

Other key lawyers:

Keith Bullen

Key clients

Saudi Water Partnership Company

Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources

Work highlights

  • Advised Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources (“MEIM”) on the procurement of 1,500MW of renewable energy across 6 sites in Round 2 of the NREP and a further 1,200MW of renewable energy across 4 sites in Round 3 of the NREP.
  • Advised Saudi Water Partnership Company (SWPC) (Previously Water & Electricity Company) on the first standalone desalination plants in Saudi Arabia to be procured on an IWP basis; The Rabigh 3 IWP.
  • Advised Saudi Water Partnership Company on the procurement of the: 150,000 cm/d Buraydah 2 ISTP.

Derayah LLPC – Saudilegal

Derayah LLPC – Saudilegal is active across the petrochemicals and energy industry with strength in large-scale project financing mandates. Led by Jeddah-based Ali Abedi, the team is the first choice of Saudi counsel for international law firms and handles cross-border joint ventures, developments, and privatisations. Dana Halwani was promoted to the partnership and is recommended for project-related litigation. Andreas Haberbeck is also noted.

Practice head(s):

Ali Abedi

Other key lawyers:

Andreas Haberbeck; Dana Halwani

Key clients

Al Raha Al Safi Food Company

Work highlights

  • Acted for Al Raha Al Safi Food Company on the transfer of one of the largest milling sectors which has been privatised.

Law Firm of Hassan Mahassni

Law Firm of Hassan Mahassni has a well-established projects and energy practice group with a focus on high-value project construction matters in the power, wind, and solar areas. Emad Zahrani is the main contact overseeing the group alongside legal consultant Atif Mulla. The team advises on financing, development, and operational matters for leading Saudi companies.

Practice head(s):

Atif Mulla; Emad Zahrani; Faisal A. Linjawy

Work highlights

  • Acting for a well-known Korean Company in a JV company with the Public Investment Fund (PIF) (the sovereign fund of Saudi Arabia) in the Saudi Riyals 3.37 billion (USD 900 million) 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 for Yanbu III Power Project, in its role as the EPC cAontractor 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 has expertise advising on major utilities, infrastructure and petrochemicals projects across the Middle East, and is highlighted for its representation of Japanese and Korean clients. Led by Tim Burbury in Abu Dhabi, the group also advises on large-scale Saudi and Emirati PPPs and solar projects. Robin Bayley handles project financing transactions.

Practice head(s):

Tim Burbury

Other key lawyers:

Robin Bayley

Key clients

NEOM

Mubadala Investment Company

ENGIE

Electricity de France (EDF)

Sadara Chemical Company (joint venture of Saudi Aramco and Dow Chemical)

Vision Invest

Veolia

Abu Dhabi Future Energy Company – Masdar

JERA

Miahona

Misk Foundatio

ADQ

Abu Dhabi Investment Office (ADIO)

Miral

Work highlights

  • Advised NEOM on all of its construction program since inception.
  • Advised the consortium of power developers in relation to the Concession, EPC and O&M and associated project finance agreements with PowerChina for 14 renewable energy plants in one sitting.
  • Advised Prince Mohammed bin Salman bin Abdulaziz Foundation (MiSK) on the procurement on a BOT basis of a district cooling provider for the 4.77 million square metre MiSK City Development.

Mohammed Al-Ghamdi Law Firm in association with Norton Rose Fulbright US LLP

Mohammed Al-Ghamdi Law Firm in association with Norton Rose Fulbright US LLP has a strong practice with activity across the renewable energy, social infrastructure and PPP sectors. The group has particular expertise in handling water, power, and petrochemical projects across Saudi Arabia, the UAE, and Oman. Overseen by Robin Balmer who splits his time between Dubai and Riyadh, the practice advises on conventional and shariah-compliant project finance and developments, as well as energy transition strategies and green initiatives.

Practice head(s):

Robin Balmer

Key clients

ACWA Power

Banque Saudi Fransi

European Bank for Reconstruction and Development

International Finance Corporation

Alinma Bank

MUFG Bank

Standard Chartered Bank

Riyad Bank

Marafiq

National Commercial Bank

Al Rajhi Bank

APICORP

ACWA Power Bank

Al Bilad Saudi Tabreed

Arab National Bank

Boubyan Bank

Work highlights

  • Advised the National Commercial Bank as senior lender to a consortium comprising The Power and Water Utility Company for Jubail and Yanbu (Marafiq), AlAmwal AlKhaleejiah AlThaniya and Veolia Middle East on the shariah-compliant financing and project documentation for the Jeddah airport independent sewage treatment plant.
  • Advised the Senior Lenders and Equity Lenders of ACWA Power in respect of the development and financing (both conventional and Islamic) related aspects of the 900MW photovoltaic fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park.
  • Advised on Wave 1 of the Schools Infrastructure Development Public Private Partnership Programme, acting as legal advisers to senior and equity bridge lenders ; Banque Saudi Fransi, SABB, Alinma Bank and Riyad Bank.

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. excels in  LNG and natural resources projects; it also handles a steady stream of project financing mandates for a regional roster of clients. The team has seen an increase in instructions on government-sponsored projects across the oil and gas space. Shadi Haroon co-heads the team alongside Stephen Matthews who splits his time between Dubai and Riyadh. Hanan Easa advises on the corporate aspects of energy deals.

Practice head(s):

Shadi Haroon

Other key lawyers:

Stephen Matthews; Hanan Easa

Key clients

Sempra LNG

Mott MacDonald

Work highlights

  • Advising Sempra on the marketing of LNG from the project, including the negotiation of a long-term LNG sale and purchase agreement with Saudi Aramco.

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 financing matters, particularly in the water sector, and is overseen by banking partner Yasser Al-Hussain in Riyadh.

Practice head(s):

Yasser Al-Hussain

Al Tamimi & Company

Al Tamimi & Company’s energy practice is led by corporate partner Grahame Nelson in A-Khobar and handles project financing matters for clients in the water, oil and gas, and social infrastructure space. Hesham Al-Homoud who leads the corporate restructuring team is recommended for market entry and incorporation advice to foreign energy companies.

Practice head(s):

Grahame Nelson

Other key lawyers:

Hesham Al-Homoud

Jones Day in association with Ebrahim Alhabardi Law Office

Overseen from Al-Khobar by Edward Rose, the projects team at Jones Day in association with Ebrahim Alhabardi Law Office handles energy and infrastructure projects with particular expertise in the oil and gas (petrochemicals and LNG), renewable energy (wind and solar), and transportation fields. The team leverages its global footprint to handle cross-border work. Yusuf Giansiracusa in Riyadh is recommended for transactional matters.

Practice head(s):

Edward Rose

Other key lawyers:

Yusuf Giansiracusa

Key clients

Consortium of Marafiq, Amwal and Veolia for the development of the Jeddah A2 ISTP

Saudi Aramco

Saudi Chevron Phillips

Sadara Chemical Company

Luberef

Work highlights

  • Advised a consortium of sponsors on the project and financial close of the Jeddah Airport 2 Independent Sewage Treatment Plant Project located in the Kingdom of Saudi Arabia.
  • Advised a consortium of sponsors on the negotiation and signing of an investment and operations agreement for the management of a new industrial port, located in Jazan, Kingdom of Saudi Arabia.

Khoshaim & Associates

Khoshaim & Associates has a well-regarded projects team handling contractual work, Islamic financing and PPP projects. Head of the project financing practice Karim Wali acts for lenders and borrowers on project-related transactions, whilst Zeyad Khoshaim advises energy companies, including Saudi Aramco on mergers and joint ventures.

Practice head(s):

Zeyad Khoshaim; Karim Wali

Key clients

Tatweer Buildings Company

Banque Saudi Fransi

Saudi Aramco

Riyad Bank

Saudi British Bank

Saudi National Bank

Work highlights

  • Advised Banque Saudi Fransi, Riyad Bank, Saudi British Bank and Saudi National Bank on acting as Mandated Lead Arrangers.
  • Advised Saudi Aramco on its 50/50 joint venture with Baker Hughes to establish an industrial project that will develop a broad range of non-metallic products for multiple applications in the energy sector.
  • Advised Tatweer Buildings Company on bids under the RFP, and then drafted and negotiated with the selected bidder the PPP Project Agreement which is governed by Saudi Arabian Law.