Derayah LLPC – Saudilegal advises Saudi contractors, project sponsors and investment consortiums on project financings and PPP mandates, including the establishment of debt facilities for both lenders and borrowers and the preparation of project regulatory documentation. The practice is also active across the energy sector, with experience spanning a range of renewable projects. Ali Abedi and Basel Barakat co-lead the practice, bringing experience in a range of banking transactions to the projects and energy space.
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Key clients
- Citigroup, Inc. Saudi Binladin Group Company Limited Industrial and Commercial Bank of China Riyad Bank Binladin International Holding Group Abu Dhabi Islamic Bank Apicorp Ports Projects Management and Development Company ACWA Power Hajj and Umrah Terminals Construction and Development Company
Work highlights
Advising the sponsors of the Taiba II IPP, including Electricite de France, AlJomaih Energy and Water, Buhur for Investment and Ajlan & Brothers in connection with the project financing of a 1,800MW combined cycle gas turbine independent power plant in Taiba, Saudi Arabia, including its financing aspects and arrangements.
Advising Saudi Binladin Group Company Limited (SBG), one of the largest contractors in the region, in relation to all aspects of the Jeddah Tower Project, the world’s tallest skyscraper.
Advising the sponsors of the Qassim II IPP including Electricite de France (EDF), AlJomaih Energy and Water, Buhur for Investment and Ajlan & Brothers in connection with the project financing for the first gas-fired IPPs since 2016 in Qassim, Saudi Arabia, with a capacity of 1,800MW, including its financing aspects and arrangements.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
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Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Dana Halwani
Practice head
Ali Abedi; Basel Barakat
Other key lawyers
Dana Halwani