Allen & Overy has advised the credit providers on the financing of the groundbreaking NEOM Green Hydrogen Project in the Kingdom of Saudi Arabia, the world’s largest commercial-scale green hydrogen production facility to reach financial close. The NEOM Green Hydrogen Company (an equal joint venture between ACWA Power, Air Products and NEOM) secured an innovative […]
Shalakany has acted as local counsel to several foreign and local financial institutions (including Japan Bank for International Cooperation, the European Bank for Reconstruction and Development, and Sumitomo Mitsui Banking Corporation, the Norinchukin Bank, Socié
Global green energy company, Fortescue Future Industries (“FFI”) has signed a Memorandum of Understanding (“MoU”) to conduct studies with a view to developing green hydrogen production in the Arab Republic of Egypt. The signed
Energy
Energy & Trading
United Arab Emirates
Adnoc & Taqa’s sub-sea electricity transmission “Project Lightning”
Abu Dhabi National Oil Company (“ADNOC”) and Abu Dhabi National Energy Company (“TAQA”) are jointly procuring the development, innovative sub-sea electricity transmission project The development is expected to reduce the carbon footprint of ADNOC’s
Energy
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar invests AED 25m to support energy consumption reduction
Aldar Properties (“Aldar”) has committed to investing AED 25 million (approx. USD6.8 mil) for energy retrofit projects in 13 of its residential communities that will reduce utility consumption for owners and tenants as part of the company’
Deal & transactions
Energy
Energy & Trading
Other
Siemens Energy to build a stable energy infrastructure in Yemen
Siemens Energy and the Republic of Yemen have signed a Memorandum of Understanding (“MoU”) for the re-electrification of the country. The MoU focuses on the essential elements of the electrification of Yemen. This includes the
Deal & transactions
Egypt
Energy
Energy & Trading
Siemens Energy with Egyptian Electricity Transmission Co in a EGP37m
Siemens Energy and Egyptian Electricity Transmission Company have entered into a long-term partnership for the expansion of Suez transformer station. The project cost is approximately EGP 37 million (EUR 1.87 million) + EUR 6 million as a discount
