Watson Farley & Williams (WFW) provided legal advice to Great Horn Investment Holding (GHIH) on a USD155 million facility for the development of projects in Djibouti’s Damerjog Industrial Development Free Trade Zone. The facility, led by The African Export-Import Bank (Afreximbank) and Banque pour le Commerce et L’Industrie Mer Rouge (BCIMR), will support the […]
Cairo, Egypt – In a significant move aimed at attracting foreign investments, the Cabinet of Egypt has approved a draft law to amend provisions of the Importers Register Law (Law No. 121 of 1982). The amendment allows for
Banking & Finance
Real Estate, Construction & Infrastructure
Dreny & Partners on NUCA’s EGP 15 Bil Securitization Transaction
Dreny & Partners has advised on the successful closure of New Urban Communities Authority’s (NUCA) first securitization transaction from a multi-issuance program with a total value of EGP 30 billion. The issuance was backed by
Deal & transactions
News
Real Estate, Construction & Infrastructure
Saudi Arabia
Linklaters advises on Neom’s US$5.6B smart city deal
Neom, the planned smart city in northwest Saudi Arabia, has reached a significant milestone in its development with the finalization of contracts worth SAR 21 billion ($5.6 billion) in investments. The contracts, part of a large-scale public-private
Brooke Lindsay, Group Chief Legal & Compliance Officer at e& (formerly Etisalat Group), has been appointed to the Board of PTCL, an integrated (fixed and mobile) telecom operator in Pakistan. The announcement was
Asafo & Co. provided legal services to Advanced Finance and Investment Group (“AFIG Funds”) on its acquisition of Nouvelle Mici-Embaci (“NME”) from Holea Holding, the parent company of Groupe Carré d’Or, an agro-industrial conglomerate
Deal & transactions
TMT
United Arab Emirates
Allen & Overy advises on Hub71’s latest start-up Intake
Allen & Overy has acted as legal counsel for Hub71, Abu Dhabi’s global tech ecosystem, on the development of its incubator investment framework. This framework will facilitate the integration of the latest cohort of
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
Saint-Gobain Expands Construction Chemicals Presence in Egypt
Barakat Maher & Partners in association with Clyde & Co have provided legal counsel to Saint-Gobain on its complete acquisition of United Paints and Chemicals, known as Drymix, a leading manufacturer of ready-mix mortars serving
Deal & transactions
Qatar
Transport
Norton Rose Fulbright on GTS acquisition of MV Ripley Prosperity
Global law firm Norton Rose Fulbright has provided legal counsel to Global Trading and Shipping (GTS) in its recent acquisition of MV Ripley Prosperity. The acquisition marks another milestone for GTS, a shipping company established
International law firm Eversheds Sutherland has successfully advised its longstanding client, Foursan Group, on its recent acquisition of a minority stake (21%) in Mena Solutions Limited (Mena Solutions). Foursan Group, a specialized private equity firm, focuses
