ALEC Engineering and Contracting, part of the Investment Corporation of Dubai (ICD) group, has successfully completed its strategic acquisition of Target Engineering, an EPC contractor offering in-house services for major construction disciplines in onshore and offshore areas in the United Arab Emirates, Qatar and Saudi Arabia. Established in 1975, Target Engineering operates through its […]
Banking & Finance
Transport
United Arab Emirates
Hassana to invest USD2.4b in DP World’s flagship UAE assets
International law firm Clifford Chance has advised DP World, a global infrastructure-led supply chain solutions provider, on the USD2.4 billion investment in three of its flagship UAE assets by Saudi Arabia-based Hassana Investment Company, the
Global law firm Clyde & Co has hired corporate and M&A lawyer Mohamed Barakat (pictured) as a partner in the Middle East and Africa (“MEA”) region and its global corporate & advisory practice.
Appointments
United Arab Emirates
Lisa Bryson joins Eversheds Sutherland’s Middle East employment practice
Eversheds Sutherland has further strengthened its employment offering in the Middle East with the arrival of Partner Lisa Bryson from its UK office in Northern Ireland to Dubai. Bryson brings more than two decades of
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
CMS advises on Aldar Properties’ partnership with Nobu Hospitality
International law firm CMS has advised UAE’s real estate developers and managers Aldar Properties (“Aldar”) on its exclusive partnership with Nobu Hospitality to develop a new luxury hotel, branded residences, and a fine dining
Food & Beverage
IPOs
Saudi Arabia
United Arab Emirates
Americana Restaurants USD1.8bn dual listing on ADX and Tadawul
Americana Restaurants has successfully completed its landmark initial public offering (IPO) and first ever dual listing on the Abu Dhabi Securities Exchange (“ADX”) and the Saudi Stock Exchange (“Tadawul”). The institutional investor tranche, which
Riad & Riad (“R&R”) has successfully closed a settlement agreement between one of the leading energy companies in the Middle East and a leading state-owned Chinese EPC contractor. The parties had
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC signs contracts worth AED1bn with four catering companies
Abu Dhabi National Oil Company (“ADNOC”) has signed agreements worth over AED 1 billion (USD270 mln) with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies from 2022 to 2027. The contracts
Deal & transactions
Energy & Trading
United Arab Emirates
Emerge and Al Dahra to develop rooftop solar project in
Emerge, a joint venture between Masdar and EDF, and Al Dahra Group, an integrated agri-businesses in the Middle East, have entered into a strategic partnership to develop a rooftop solar photovoltaic (PV) installation at Al
Deal & transactions
Real Estate, Construction & Infrastructure
Services
United Arab Emirates
AD Ports Group: Kezad Communities merges with Al Eskan AlJamae
AD Ports Group has announced the merger of Kezad Communities with Al Eskan Al Jamae (“EAJ”) to create Abu Dhabi’s largest integrated staff accommodation company in which AD Ports Group will retain a controlling
