Eversheds Sutherland has advised the Ministry of Energy and the Saudi Power Procurement Company (“SPPC”) on the successful commercial close of the 2060MW Shuaibah 2 Solar PV Project, in Al Shuaibah, Makkah province. The project, which was completed with AlDhabaan & Partners in association with Eversheds Sutherland (International), has the potential to power 350,000 homes […]
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
Deal & transactions
Energy & Trading
United Arab Emirates
Beeah, Masdar and Veolia to operate Sharjah Waste to Energy
Beeah Group, the Middle East’s sustainability and digitalisation expert, Masdar, Abu Dhabi’s clean energy company, and Veolia Near & Middle East, the providers of optimised resource management, have formed a joint
BMW Group, premium manufacturer of luxurious, sporty, and electric automobiles, has appointed Global Auto Group as the new importer of BMW and MINI in Egypt. Zaki Hashem & Partners (“ZH&P”) acted as
Deal & transactions
Egypt
Energy & Trading
AMEA Power secures USD1.1B Wind and Solar Energy deal in Egypt
Renewable energy company AMEA Power has achieved the financial close to deliver 1GW of renewable energy projects in Egypt. The landmark 500MW wind and 500MW solar projects, represent USD1.1 billion of investment into the Egyptian
Banking & Finance
Deal & transactions
Other
Ahli United Bank acquires Citi’s Bahrain consumer banking business
Baker McKenzie has advised Bahrain-based Ahli United Bank (“AUB”) on its acquisition of Citi’s consumer banking business in Bahrain. The transaction, which signed earlier this year and received regulatory approval from the Central Bank
Deal & transactions
Egypt
Energy & Trading
Baker McKenzie with AMEA Power on 2 renewable projects in
Baker McKenzie Cairo acts as the Egyptian Legal Counsel to AMEA Power on the development and financing of two renewable projects in Egypt with a capacity of 1000 megawatts and value of USD 1.1 billion. The projects,
Deal & transactions
Transport
United Arab Emirates
A&O with Abu Dhabi Ports Group on the acquisition of
Abu Dhabi Ports Group has acquired Spanish logistics firm Noatum for AED2.5 billion (USD681 million). The investment in Noatum, will significantly extend AD Group’s global connectivity to create a market-leading international logistics brand.
