Waleed Shalaby (pictured) has been appointed as group head of legal at Mohammad Omar Bin Haider Holding Group (“MOBH Group”), in what is his first role as an in-house counsel. Shalaby brings a wealth of experience to his new role, having held a number of senior positions in the legal industry over the past two […]
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
ALEC Engineering and Contracting acquires Target Engineering
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
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
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
News
Other
Real Estate, Construction & Infrastructure
ASAR advises on Mandarin Oriental, Kuwait luxury hotel project
ASAR acted as Kuwait legal counsel to Bukhamseen Group Holding (“BGH”) in relation to the development of BGH’s new luxury hotel project in Kuwait, to be known as “Mandarin Oriental, Kuwait”. The Mandarin
IPOs
Other
Real Estate, Construction & Infrastructure
Trowers & Hamlins advises on IPO of The Pearl REIF
The Pearl Real Estate Investment Fund (“The Pearl REIF”), the Oman-based Shariah-compliant real estate investment fund has successfully listed on the Muscat Stock Exchange (“MSX”) on 14 November 2022 under the ticker PRFD. The Pearl REIF has
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Dentons with Arada Developments on its USD100 million sukuk tap issuance
Arada Developments (“Arada”), the property developer in the Northern Emirates of the United Arab Emirates, has successfully closed a $100 million tap of its existing $350 million Sukuk, which was issued in June and listed on
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Clifford Chance with Aldar Properties on a USD400m investment deal
Apollo Global Management (“Apollo”), through its managed investment vehicles, has acquired an 11.1% minority stake in Aldar Investment Properties, a subsidiary of Aldar Properties and the region’s most prominent institutional-class real estate platform. The USD 400
Energy & Trading
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’
Egypt
News
Real Estate, Construction & Infrastructure
Misr Italia Properties invests USD 77m in launch of Vinci Lagoons
Egyptian real estate developer, Misr Italia Properties, the real estate subsidiary of Misr Italia Holding, has launched the new phase of Vinci project with an investment of EGP1.50 billion (USD77.3 million). The
